Cryptocurrency trading platform OKX has announced the cessation of trading on futures contracts for LSKUSDT, LOOKSUSDT, and PIPPINUSDT, effective from 4:00 PM on July 18, 2025, as part of measures to mitigate market risks and enhance user experience.
Contracts to be Removed
The futures contracts being removed include:
* LSKUSDT * LOOKSUSDT * PIPPINUSDT
Removal Process and Warnings
During the removal, all orders on the specified contracts will be canceled. Existing positions will undergo forced delivery at the arithmetic average of the OKX index price one hour before the removal time. Should manipulation of the index price be detected, OKX may intervene to establish a reasonable delivery price.
"Since high volatility may be expected close to the removal of these contracts, users are advised to reduce their leverage levels or close their positions in advance." CITE_NA. At the time of removal, the funding rate at 4:00 PM will be zero, meaning no funding fees will apply in the specified period. Users will not incur extra charges or delivery fees during the delivery process.
Additional Information and Technical Adjustments
At the time of delivery, asset transfers in the accounts of users with positions over 10,000 USDT will be limited for 30 minutes, after which normal operations will resume. Past order and account statements for the removed contracts will remain accessible later. Users wishing to back up their records are advised to download them promptly from their desktop order center.
During the contract removal process, limit price rules will be dynamically updated as needed based on market conditions.
OKX reiterated its commitment to providing safer, more stable, and high-quality services to its users.
The changes announced by OKX are aimed at improving market stability and user support services. However, traders should consider the potential risks and plan their actions carefully.
