OKX has announced plans to delist the FRONT/USDT margin trading pair and its associated perpetual futures contract as part of an effort to improve market liquidity and enhance the overall user experience.
Key Details:
- Margin Trading:
- The borrowing feature for the FRONT/USDT margin trading pair will be disabled on September 2, 2024, at 2:00 am UTC.
- The margin trading pair will be fully delisted between 3:00 and 4:00 am UTC on September 4, 2024.
During the delisting process, OKX will suspend margin trading and flexible loan services for the affected pair. Open orders for margin trading will be canceled, and users who have borrowings or collateral tied to the FRONT/USDT pair should ensure repayment before the delisting time to avoid forced repayment.
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 corresponding OKX index between 7:00 am and 8:00 am UTC on the day of delisting. The platform reserves the right to adjust the final delivery price in case of index price abnormalities.
To minimize the risk of forced repayment and potential losses due to price fluctuations, OKX advises users to reduce leverage or close positions ahead of the delisting.
Post-Delisting Procedures:
- Within 30 minutes after the delisting, users with positions exceeding $10,000 in value in the FRONT perpetual contracts will be temporarily restricted from transferring assets out of their trading accounts.
- Asset transfers will resume after this period, and order history and billing records will remain accessible.
For additional information on discount rates and risk control parameters, users are encouraged to visit the OKX platform.
OKX’s decision to delist the FRONT margin trading pair and perpetual future reflects the platform’s commitment to optimizing its offerings and ensuring a smoother trading experience for its users.
