Dear OKX Users,
To mitigate market risks and enhance your trading experience, OKX will delist the following futures contracts due to low liquidity:
- DOTUSDT, DOTUSD
- ADAUSDT, ADAUSD
- BCHUSDT, BCHUSD
👉 Learn more about OKX’s contract policies
Delisting Schedule
- Delisting Date: February 10, 2023 (16:00 HKT)
- Suspension of New Contracts: No new weekly contracts will be generated after February 3, 2023 (HKT).
Key Actions
- All open orders will be canceled.
Positions will be settled using the arithmetic average of the contract’s latest price from the hour before delisting.
- Note: If price manipulation is detected, OKX may adjust the settlement price.
Risk Management Tips
- Reduce leverage or close positions early to avoid volatility risks.
- Uninsured losses (if any) will be compensated by the Risk Reserve Fund. Excess losses may trigger Auto-Deleveraging (ADL).
Post-Delisting Rules
- Users with positions > $10,000 USD equivalent will face a 30-minute transfer restriction post-settlement.
- Historical orders and bills remain accessible for download via the desktop platform.
Adjusted Price Limit Rules
To ensure a smooth delisting, price limits will be updated as follows:
| Timeframe | X (Initial) | Y (Dynamic) | Z (Max/Min) |
|------------------------|-------------|-------------|-------------|
| 48 hours pre-delisting | 2% | 2% | 5% |
| 30 minutes pre-delisting| 1% | 1% | 2% |
Table 1: Adjusted price limit parameters.
Important Notes:
- OKX reserves the right to modify limits if prices deviate abnormally.
- API endpoints (e.g.,
/instruments) will reflect the updated delisting time.
FAQs
Q1: Why are these contracts being delisted?
A1: Due to low market liquidity, which increases risks for traders.
Q2: Can I still trade these contracts after February 3?
A2: No new weekly contracts will be listed, but existing ones remain tradable until delisting.
Q3: How are settlement prices calculated?
A3: Based on the average latest price from the hour before delisting.
Q4: What happens if I have open positions at delisting?
A4: They’ll be automatically settled at the calculated price.
👉 Explore OKX’s alternative trading options
OKX is committed to providing secure and innovative trading solutions. For further assistance, contact our 24/7 support team.
Last Updated: January 31, 2023 (HKT)
### Keywords
1. Futures contracts
2. Delisting
3. Settlement price
4. Risk management
5. OKX
6. DOTUSDT
7. ADAUSDT