Dear OKX Users,
To mitigate market risks and enhance your trading experience, OKX will periodically delist certain perpetual contracts. The specific delisting schedule is as follows:
Perpetual Contract Trading
| Contract Name | Delisting Time |
|---|---|
| SANDUSD | June 27, 2025, 4:00 PM (UTC+8) |
| ALGOUSD | June 27, 2025, 4:00 PM (UTC+8) |
| TONUSD | June 27, 2025, 4:00 PM (UTC+8) |
At the time of delisting:
- Trading for the contract will cease.
- All pending user orders will be canceled.
- The settlement price will be the arithmetic average of the OKX Index over the hour preceding delisting. This price will be used to settle all open positions.
Key Notes:
- If the index price is anomalously manipulated during the final hour, OKX may adjust the settlement price to a fair level.
- The funding rate for the 4:00 PM interval will be 0 (no billing record generated).
- No funding fees or additional settlement charges will apply.
👉 Learn more about risk management strategies
Risk Control Measures
Pre-Delisting Volatility: Market conditions may become highly volatile. Users are advised to:
- Reduce leverage.
- Close positions early if needed.
- Post-Delisting Restrictions: Accounts with settled positions exceeding $10,000 will face a 30-minute transfer freeze across all assets.
- Data Backup: Historical orders and billing records remain accessible post-delisting. Download them via the desktop Order Center if needed.
Adjusted Risk Parameters
To ensure smooth delisting, the following adjustments apply:
- Price Limit Rules: Dynamic updates based on market conditions to prevent price deviations.
OKX remains committed to delivering superior products and services.
Posted: June 25, 2025
FAQs
Why is OKX delisting these contracts?
To maintain market stability and protect users from excessive volatility or liquidity risks associated with low-demand contracts.
Will I incur fees during settlement?
No. Funding fees and settlement charges are waived for the final interval.
How can I prepare for delisting?
Monitor positions, reduce leverage, and consider early closure to avoid last-minute price swings.
👉 Explore OKX's perpetual contract guide
For further inquiries, refer to OKX’s official support channels.
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