Perpetual Contracts Trading
OKX will delist the following perpetual contracts on August 29, 2024, at 4:00 PM UTC+8:
| Contract | Delisting Time |
|---|---|
| DMAILUSDT | August 29, 4:00 PM |
| VENOMUSDT | August 29, 4:00 PM |
| RENUSDT | August 29, 4:00 PM |
Key Details:
- Order Cancellation: All pending orders will be canceled.
- Settlement Price: The arithmetic average of the OKX index price between 3:00 PM–4:00 PM UTC+8 will be used.
- Funding Rate: Set to 0 for the final interval.
- Post-Delisting: Users with positions > $10,000 will face a 30-minute transfer freeze.
Risk Management Tips:
- Reduce leverage or close positions early to avoid volatility risks.
- Unfilled losses will be covered by the risk reserve fund or via auto-deleveraging.
Leverage and Lending Services
The following leverage pairs will be delisted:
| Pair | Stop-Lending Time | Delisting Window |
|---|---|---|
| DMAIL/USDT | August 21, 2:00 PM | August 27, 2:00–3:00 PM |
| VENOM/USDT | August 21, 2:00 PM | August 27, 4:00–5:00 PM |
| REN/USDT | August 21, 2:00 PM | August 27, 6:00–7:00 PM |
Actions Required:
- Repay borrowed assets before delisting to avoid forced liquidation.
- Trading Suspension: Orders will be canceled during the 1-hour delisting window.
Discount Rate Adjustments
| Coin | Previous Rate | New Rate |
|---|---|---|
| DMAIL | 0.5 | 0 |
| VENOM | 0.5 | 0 |
| REN | 0.5 | 0 |
Note: Discount rates reflect liquidity risks in cross-currency margin accounts.
👉 Learn more about OKX’s margin trading policies
FAQs
1. Why is OKX delisting these contracts?
To mitigate market risks and enhance user trading experience through periodic reviews.
2. What happens to my open positions?
They’ll be settled at the index-based price; no fees apply.
3. How can I back up trade history?
Download records via the desktop Order Center before delisting.
4. Will leverage trading be affected immediately?
Yes—stop lending begins August 21, with full delisting by August 27.
OKX remains committed to providing secure and optimized trading services.