OKX has announced plans to delist the FRONT/USDT pair and close associated perpetual futures contracts as part of its efforts to improve market liquidity and enhance the overall user experience.
Suspension of Margin Trading
The borrowing feature for the FRONT/USDT margin trading pair will be disabled on September 2, 2024 at 05:00 UTC. The margin trading pair will be completely delisted between 06:00 and 07:00 on September 4, 2024. During the delisting process, OKX will suspend margin trading and flexible lending services for the affected pair.
Delisting Process
Open orders for margin trading will be cancelled, and users with outstanding debts or collateral tied to the FRONT/USDT pair must make a refund before the delisting time to avoid mandatory refunds.
Perpetual Futures
OKX will also terminate all relevant perpetual futures contracts for the FRONT/USDT pair. These contracts will be delivered at the arithmetic average price of the relevant OKX index between 10:00 and 11:00 UTC on the day of delisting. The platform reserves the right to adjust the final delivery price in case of abnormality in the index price. To minimize the risk of forced redemptions and potential losses from price fluctuations, OKX recommends users to reduce leverage and close positions before they are delisted.
OKX continues to implement measures to improve market quality and user satisfaction. In light of the current announcement, users are advised to closely monitor their open positions and take necessary actions to prevent potential financial risks.
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