OKX has announced its decision to delist several margin trading pairs, including KISHU/USDT, in a bid to enhance market liquidity and improve the overall trading experience for users. The delisting schedule is as follows:
- Cease Borrowing Feature: September 12, 2024, at 6:00 am UTC
- Delisting Time: September 19, 2024, between 7:00 and 9:00 am UTC
At the delisting time, OKX will suspend margin trading and flexible loan services for the affected pairs. Open margin orders will be canceled, and the suspension of each pair will take about an hour. Users with ongoing borrowings or collateral in KISHU/USDT margin trading are advised to repay their loans before the delisting time to avoid forced repayment.
To mitigate potential risks from price fluctuations, OKX recommends users cease trading in the affected pairs and close all underlying positions ahead of time.
Additionally, the platform will adjust the discount rates for the delisted assets. Users utilizing these assets as collateral should take steps to maintain a healthy Loan-To-Value (LTV) ratio, or they risk forced liquidation of their positions to settle any outstanding debts.
In multi-currency cross margin mode, OKX converts different currencies into their USD value using certain discount rates, accounting for market liquidity differences to manage risks.
