Cryptocurrency exchange OKX has announced the delisting of several margin trading pairs and perpetual futures contracts to increase market liquidity and improve the trading experience for users.
OKX Announcement
OKX is set to delist trading pairs DMAIL/USDT, VENOM/USDT, and REN/USDT. These changes will affect both margin trading and perpetual futures.
Delisting Schedule
The following pairs will be delisted on August 29, 2024, at 11:00: - DMAIL/USDT - VENOM/USDT - REN/USDT Following delisting, all related transactions will be terminated, and active orders will be canceled. OKX will close outstanding futures positions at the arithmetic average price of the relevant OKX index between 10:00 and 11:00 a.m. on the delisting day.
Additional Measures
At the time of delisting (11:00), the funding rate will be set to 0, meaning no funding fees will be charged. To reduce risks from possible market volatility, users are advised to reduce leverage or close positions in advance. For users with positions exceeding $10,000 at the time of delivery, asset transfers from the trading account will be temporarily restricted for the first 30 minutes after delisting. Transaction history and billing records will remain accessible after delisting and can be downloaded via the report center on the OKX platform.
These measures are aimed at increasing market liquidity and improving user experience. Ensure your positions and assets are appropriately prepared for the change.
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