To mitigate market risks and enhance user trading experience, OKX periodically reviews and delists certain perpetual contracts. The following delisting schedule has been announced:
Delisting Schedule for Perpetual Contracts
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| VRAUSDT | May 13, 2025, 8:00 AM |
| MEMEFIUSDT | May 13, 2025, 8:00 AM |
Key Details of the Delisting Process
Trading Halt:
- At the delisting time, trading for these contracts will cease.
- All pending orders will be canceled automatically.
Settlement Price:
- Positions will be settled using the arithmetic average of the OKX Index price during the hour preceding delisting.
- If market manipulation is detected, OKX reserves the right to adjust the settlement price to ensure fairness.
Funding Rates:
- The final funding rate (applied at 8:00 AM UTC+8) will be 0, meaning no funding fees will be charged.
- No additional fees (e.g., settlement fees) will apply.
Risk Management:
Users are advised to:
- Reduce leverage exposure.
- Close positions early if volatility is anticipated.
Post-Delisting Restrictions:
- Accounts with positions exceeding $10,000 at settlement will face a 30-minute transfer freeze for all assets.
Data Preservation:
- Historical order and billing records remain accessible post-delisting.
- Users can download records via the desktop Order Center.
Adjusted Risk Control Parameters
OKX may modify price limits or other rules to ensure orderly delisting. The platform remains committed to delivering reliable services.
FAQs
Q: Why is OKX delisting these contracts?
A: To manage market risks and maintain a healthy trading environment.
Q: Will I incur fees during settlement?
A: No funding fees or additional charges will apply.
Q: How long will asset transfers be restricted?
A: 30 minutes for accounts with large positions (>$10,000).
Q: Can I still access my trade history after delisting?
A: Yes, via the desktop Order Center.