To enhance market liquidity and improve user experience, OKX will delist the following perpetual futures and margin trading pairs:
Perpetual Futures Delisting Schedule
| Contract | Delisting Time (UTC) |
|---|---|
| FITFIUSDT | August 22, 2024, 8:00 AM |
| BLOCKUSDT | August 22, 2024, 8:00 AM |
Key Actions Post-Delisting:
- Trade Termination: All active trades will be closed, and order book entries canceled.
- Position Settlement: Positions will be delivered at the arithmetic average OKX index price between 7:00 AM and 8:00 AM UTC. Abnormal index prices may prompt adjusted delivery prices.
- Funding Rate: Set to 0% at delisting; no fees will be billed.
- Risk Management: Users are advised to reduce leverage or close positions early due to potential volatility.
- Transfer Restrictions: Accounts holding >$10,000 in delisted contracts at delivery will face 30-minute transfer freezes.
👉 Explore OKX's trading tools for seamless transitions during delistings.
Margin Trading Pair Adjustments
| Pair | Borrowing Suspension (UTC) | Delisting Window (UTC) |
|---|---|---|
| FITFI/USDT | August 14, 2024, 6:00 AM | August 20, 2024, 7:00–9:00 AM |
| BLOCK/USDT | August 14, 2024, 6:00 AM | August 20, 2024, 9:00–11:00 AM |
Critical Notes:
- Margin trading and flexible loans will suspend at delisting; open orders canceled.
- Repay borrowings before delisting to avoid forced repayments.
- Extreme price fluctuations expected—close positions early to mitigate risks.
Discount Rate Updates
| Asset | Previous Discount Rate (≤$50k) | New Discount Rate |
|---|---|---|
| FITFI | 0.5% | 0% |
| BLOCK | 0.5% | 0% |
Multi-Currency Margin Note: Cross-margin USD conversions now apply 0% discounts to FITFI/BLOCK, reflecting updated liquidity assessments.
👉 Understand discount rates for optimized margin strategies.
FAQ
1. Why is OKX delisting FITFI and BLOCK contracts?
To streamline market offerings and enhance liquidity for high-demand assets, ensuring a better trading environment.
2. What happens to my open FITFIUSDT positions?
Positions will auto-settle at the average index price between 7:00–8:00 AM UTC on August 22, 2024.
3. Can I trade FITFI/USDT after August 20?
No. Margin trading halts permanently at the specified delisting time.
4. How are forced repayments triggered?
Unrepaid borrowings remaining at delisting will automatically liquidate collateral.
5. Where can I access post-delisting trade history?
Download records via OKX’s Report Center post-delisting.