As part of its ongoing efforts to enhance market liquidity and deliver a superior trading experience, OKX has announced the upcoming delisting of several perpetual futures and margin trading pairs. These strategic adjustments reflect the platform’s commitment to maintaining a healthy, efficient, and risk-optimized trading environment for all users.
This article outlines the key details of the delisting schedule, explains how positions will be settled, and provides actionable insights for traders to manage their exposure effectively.
Perpetual Futures Delisting Schedule
OKX will officially delist the following perpetual futures contracts on May 26, 2025, at 8:00 am UTC:
- CRVUSD
- THETAUSD
- MANAUSD
After this time, trading for these pairs will no longer be available. All open orders in the order book will be automatically canceled upon delisting.
Settlement Process for Open Positions
Holders of open positions at the time of delisting will have their contracts settled based on the arithmetic average price of the corresponding OKX index, calculated over the one hour preceding delisting (i.e., from 7:00 am to 8:00 am UTC).
Note: In the event of abnormal price behavior in the index during this period, OKX reserves the right to adjust the final settlement price to a fair and reasonable level to ensure equitable delivery.
Additionally, the funding rate at 8:00 am UTC on delisting day will be set to 0%, meaning no funding fee will be charged or paid for that cycle.
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Risk Management Recommendations
Markets often experience heightened volatility as delisting dates approach. To protect your capital:
- Consider closing positions early to avoid last-minute price swings.
- Reduce your leverage to minimize liquidation risk.
- Monitor your account equity closely in the final hours before delisting.
Post-Delisting Asset Transfer Restrictions
For users holding positions valued at over $10,000 USD in any of the delisted perpetual futures at settlement time, asset withdrawals from the trading account will be temporarily restricted.
This restriction lasts for 30 minutes after delisting, after which normal transfer functionality resumes. All order history and billing records remain accessible post-delisting and can be exported via the Report Center on the OKX website.
Margin Trading Pairs to Be Delisted
In parallel, OKX is also phasing out several margin trading pairs. The process involves two key stages:
- Borrowing Function Suspension: Starting May 20, 2025, at 9:30 am UTC, users will no longer be able to borrow any of the affected assets.
- Full Delisting: Between May 29 and June 2, 2025, these pairs will be fully removed from the platform.
The affected margin trading pairs are:
- NFT/USDT
- RON/USDT
- VELO/USDT
- RSS3/USDT
- MAJOR/USDT
- LOOKS/USDT
- GLMR/USDT
- PERP/USDT
- J/USDT
- CAT/USDT
- BAL/USDT
Each delisting window spans a 4-hour timeframe (6:00–10:00 am UTC), with approximately 2 hours required per pair to complete the suspension process.
Users with outstanding loans or collateral tied to these assets must:
- Repay borrowed funds before their respective delisting times.
- Withdraw or reassign collateral in a timely manner.
Failure to act may result in forced repayment or liquidation.
Adjustment to Collateral Discount Rates
A significant change impacting risk management is the adjustment of discount rates for certain cryptocurrencies used as collateral in multi-currency cross margin accounts.
Previously, various tokens were assigned discount rates based on liquidity and volatility profiles. Now, OKX is standardizing this policy:
The maximum collateral discount rate will be set to 0% for the affected tokens.
What This Means for Traders
In cross margin mode, different cryptocurrencies are converted into USD value to serve as margin. However, due to varying liquidity levels, platforms apply discount rates to mitigate risk. With the new update:
- The effective value of affected tokens as collateral will decrease.
- This could lead to an increase in your maintenance margin rate, raising the risk of liquidation.
To avoid forced liquidations:
- Close or reduce leveraged positions using these tokens.
- Add additional high-liquidity collateral (e.g., BTC, ETH, USDT).
- Monitor your margin health ratio closely in the days leading up to delisting.
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Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these trading pairs?
A: Delistings help streamline the trading ecosystem by removing low-liquidity or underperforming assets. This improves overall market efficiency, reduces operational risks, and enhances user experience by focusing on high-quality trading instruments.
Q: What happens if I don’t close my position before delisting?
A: For perpetual futures, your position will be automatically settled at the index average price one hour before delisting. For margin positions, failure to repay loans may trigger forced repayment or liquidation.
Q: Will I lose my funds if I hold affected tokens in my spot wallet?
A: No. Holding tokens in your spot wallet is unaffected. Delisting only impacts trading, borrowing, and collateral functions within margin and futures products.
Q: Can I still view my trade history after delisting?
A: Yes. All historical data—including order records and billing statements—remains accessible through the Report Center on OKX.
Q: How can I download my trading data?
A: Log into your OKX account, go to the Report Center, and generate custom reports for trades, funding fees, or transaction history.
Q: Are more delistings expected in the future?
A: OKX regularly reviews its asset offerings based on market demand, liquidity, and compliance standards. Users are encouraged to stay informed through official announcements.
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Final Thoughts
OKX’s decision to delist specific perpetual futures and margin pairs underscores its proactive approach to platform optimization. While such changes require user attention, they ultimately contribute to a safer, more sustainable trading environment.
By staying informed, adjusting strategies accordingly, and utilizing built-in risk controls, traders can navigate these transitions smoothly and continue building resilient portfolios.
Always monitor official OKX announcements for future updates—and take control of your trading journey with confidence.