Dear OKX Users,
To mitigate market risks and enhance your trading experience, OKX will periodically delist certain leveraged trading pairs. Below are the details of the upcoming delistings and adjustments.
1. Leveraged Trading & Flexible Savings Delistings
The following leveraged pairs will be discontinued according to the schedule below:
Leveraged Pair | Borrowing Suspension | Delisting Time (UTC+8) |
---|---|---|
MEMEFI/USDT | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
VRA/USDT | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
NC/USDT | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
OL/USDT | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
ETC/USDC | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
LUNC/USDC | May 7, 2025, 19:00 | May 12, 2025, 14:00–18:00 |
Actions Taken During Delisting:
– Leveraged trading and flexible savings for these pairs will be suspended.
– Open orders will be canceled automatically.
– Users with active borrows must repay loans before delisting to avoid forced repayments by the system.
Risk Warning:
Due to high market volatility, we recommend closing positions manually before delisting to prevent losses from forced liquidation.
2. Adjustment of Collateral Discount Rates
Previous Discount Rates
MEMEFI
Tier | Max Collateral (MEMEFI) | Discount Rate |
---|---|---|
1 | 3,000,000 | 0.8 |
2 | 5,000,000 | 0.7 |
3 | 8,200,000 | 0.65 |
4+ | +5,000,000 per tier | -0.05 per tier |
VRA
Tier | Max Collateral (VRA) | Discount Rate |
---|---|---|
1 | 550,000 | 0.8 |
2 | 1,000,000 | 0.7 |
3 | 1,500,000 | 0.65 |
4+ | +1,000,000 per tier | -0.05 per tier |
NC & OL
(See original tables for full details.)
New Discount Rates
- MEMEFI, VRA, NC, OL: Discount rates will gradually decrease to 0 during delisting.
- Impact: Maintenance margin requirements may increase for users holding these assets as collateral.
Risk Warning:
To avoid forced liquidation, users should:
1. Close or reduce positions.
2. Top up margin balances.
3. Monitor account health closely.
👉 Learn more about discount rate adjustments
FAQs
1. Why is OKX delisting these leveraged pairs?
To manage market risks and optimize platform stability, OKX periodically reviews and adjusts its offerings based on liquidity and volatility.
2. What happens if I don’t repay borrowed funds before delisting?
The system will automatically trigger repayment, potentially at unfavorable rates due to market conditions.
3. How can I check my current collateral status?
Navigate to Account > Cross Margin to review your positions and collateral tiers.
4. Will these tokens still be available for spot trading?
Delistings apply only to leveraged pairs. Spot trading may remain available unless otherwise notified.
5. Where can I find updates on future delistings?
Subscribe to OKX’s official announcements or visit the Help Center.
OKX remains committed to providing secure, innovative trading solutions. For further assistance, contact our 24/7 support team.
OKX Team
May 7, 2025