To enhance user experience and improve project liquidity on OKX, we are delisting WEMIX cryptocurrency pairs based on the OKX Token Delisting Guideline and user feedback. Below are the detailed timelines and adjustments:
Spot Trading Delisting
OKX will remove WEMIX spot trading pairs at 13:00 UTC on December 8, 2022. All active WEMIX orders will be canceled automatically.
Margin Trading & Flexible Loan Suspension
| Margin Trading Pair | Borrowing Feature Closes | Delisting Time |
|---|---|---|
| WEMIX/USDT | December 8, 9:00 AM UTC | December 8, 10:00 AM UTC |
- Margin trading and flexible loans for WEMIX/USDT will be suspended at the specified times.
- Open margin orders will be canceled.
- Users must repay borrowings or release collateral before delisting to avoid forced repayments.
👉 Why is OKX delisting WEMIX? Learn about our token evaluation process.
Risk Note:
Prices may fluctuate sharply. Close positions early to prevent liquidation losses. Isolated margin adjustments for WEMIX/USDT are disabled—close positions promptly.
Perpetual Contracts Delisting
OKX will delist WEMIXUSDT perpetual swaps at 9:00 AM UTC on December 8, 2022:
- Trading halts, and order book orders are canceled.
- Positions will settle at the arithmetic average OKX index price 1 hour pre-delisting.
- Index price abnormalities may prompt manual price adjustments.
User Advisory:
Reduce leverage or close positions beforehand to mitigate volatility risks.
👉 How to manage perpetual contract risks? Explore our risk control guide.
Post-Delisting Restrictions:
Users with >$10,000 positions face a 30-minute transfer freeze post-settlement. Historical data remains queryable—back up reports via "Report Center."
Risk Control Adjustments for Perpetual Contracts
Price Limit Rules
| Time (UTC) | X (Pre-Delisting) | Y (Post-Delisting) | Z (Cap) |
|---|---|---|---|
| 4:00 AM, Dec 8 | 2% | 2% | 5% |
| 8:30 AM, Dec 8 | 1% | 1% | 2% |
Discount Rate Adjustments
| Tier (USD) | Previous Discount Rate | Updated Discount Rate |
|---|---|---|
| 0–50,000 | 0.5% | 0% |
| >50,000 | 0% | 0% |
Savings Product Closure
OKX will halt WEMIX Savings subscriptions. All assets auto-redeem to funding accounts after margin trading delisting.
FAQs
Why is OKX delisting WEMIX?
OKX periodically reviews tokens for liquidity, compliance, and user feedback. WEMIX no longer meets our listing standards.
What happens to my WEMIX holdings post-delisting?
Holdings remain in your funding account. Trading, margin, and savings features will be inaccessible.
Can I appeal the delisting decision?
No. Delisting follows a rigorous, irreversible evaluation process.
For assistance, contact OKX via Support Center or the official Telegram group.
OKX
December 8, 2022 (UTC)