OKX Announces Delisting of BADGER/USDT, BAL/USDT, and NIL/USDT Perpetual Contracts
In a strategic move to enhance trading security and optimize user experience, OKX has announced the delisting of BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts. The delisting is scheduled for July 25, 2025, at 16:00 (UTC+8). This decision underscores OKX's commitment to mitigating market risks and maintaining a secure, efficient trading environment for its users.
Why Are BADGER Contracts Being Delisted?
The delisting of these perpetual contracts is part of OKX's broader strategy to manage market risks and improve the overall trading experience. By removing contracts that may pose challenges such as low liquidity or high volatility, OKX aims to create a more stable and efficient trading ecosystem. This proactive approach reflects the platform's dedication to safeguarding user interests and ensuring long-term market sustainability.
Liquidation Process and Pricing Adjustments
To ensure a fair and transparent delisting process, OKX will liquidate affected positions using the arithmetic average of the last hour's OKX index prices. This methodology minimizes the risk of price manipulation and provides users with a balanced exit strategy. In cases of abnormal fluctuations in index prices, OKX reserves the right to adjust the final delivery price to maintain market stability.
Zero Funding Fees and Delivery Commissions
To reduce the financial burden on users during the delisting process, OKX has announced that funding rates will be set to zero. This means users will not incur funding fees or delivery commissions, ensuring a smoother transition. This measure demonstrates OKX's commitment to minimizing user impact while maintaining operational efficiency.
Impact on Users with Large Positions
For users holding positions exceeding $10,000, a temporary restriction on asset transfers will be implemented during the delisting process. This restriction, lasting 30 minutes, is designed to prevent sudden market imbalances and ensure orderly liquidation. Users are encouraged to plan their trading activities accordingly to avoid disruptions.
Access to Order History and Invoice Records
Even after the delisting, users will retain access to their order history and invoice records. OKX advises users to back up their data from the desktop order center to ensure they have a complete record of their transactions. This step is essential for maintaining accurate financial records and facilitating future audits or reviews.
Risk Control Adjustments and Market Stability Measures
To further safeguard the trading environment, OKX will implement adjustments to risk control parameters and limit pricing rules during the delisting process. These measures are designed to prevent market imbalances and ensure a smooth transition for all users. By proactively managing these risks, OKX reinforces its commitment to providing a secure trading platform.
Broader Implications of OKX's Strategy
The delisting of BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts aligns with OKX's ongoing efforts to enhance user experience and manage market risks effectively. By continuously evaluating and updating its offerings, OKX demonstrates its dedication to maintaining high standards in trading security and operational efficiency. This decision reflects the platform's forward-thinking approach to fostering a sustainable trading ecosystem.
Key Takeaways for Users
Affected Contracts: BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts will be delisted on July 25, 2025.
Liquidation Process: Positions will be liquidated using the arithmetic average of the last hour's index prices, with adjustments possible in case of abnormal fluctuations.
Zero Fees: Funding rates and delivery commissions will be set to zero during the delisting process.
Large Positions: Users with positions exceeding $10,000 will face a 30-minute restriction on asset transfers.
Data Backup: Users are advised to back up their order history and invoice records from the desktop order center.
Risk Control: Adjustments to risk control parameters and pricing rules will be implemented to ensure market stability.
By understanding these details and taking proactive steps, users can navigate the delisting process smoothly and continue to benefit from OKX's secure and efficient trading environment.
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By staying informed and prepared, users can make the most of OKX's evolving trading ecosystem while minimizing potential disruptions.
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