OKX is going to delist several margin trading pairs

Published on Apr 6, 2023Updated on Apr 4, 20242 min read

In order to improve market liquidity and improve the overall user experience, OKX will delist several low-liquidity margin trading pairs. The details are as follows:

  1. Margin trading
    OKX will:
    Margin trading pairs Cease borrowing feature Delisting time
    ALPHA-USDT April 11, 2023, 06:00 AM UTC April 18, 2023, 03:00 AM UTC
    BAT-BTC April 18, 2023, 06:00 AM UTC
    ENJ-BTC April 18, 2023, 07:00 AM UTC
    IOST-BTC April 18, 2023, 08:00 AM UTC
    KNC-BTC April 18, 2023, 09:00 AM UTC
    LRC-BTC April 18, 2023, 10:00 AM UTC
    SNT-USDT April 20, 2023, 03:00 AM UTC
    THETA-BTC April 20, 2023, 06:00 AM UTC
    WAVES-BTC April 20, 2023, 07:00 AM UTC
    XTZ-BTC April 20, 2023, 08:00 AM UTC
    XCH-BTC April 20, 2023, 09:00 AM UTC

OKX will suspend margin trading and flexible loan at the delisting times listed above and open orders for margin will be canceled. Each crypto pair will take around 1 hour to suspend. Users with borrowings or collateral of the above crypto pairs in margin trading and flexible loan should make sure to repay before the delisting times. A forced payment will be triggered if unpaid borrowings remain due by the delisting times.
Please note: Prices may experience extreme fluctuations. To avoid losses caused by forced repayment, we recommend you stop trading pairs listed above and close all underlying positions in advance.


2. Adjustment of discount

Asset Before After
Tier (USD) Discount rate Tier (USD) Discount rate
ALPHA, SNT 0~50,000 0.5 0 0
>50,000 0
Discount rates overview In multi-currency cross margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, our platform calculates the actual USD value of certain crypto based on a certain discount rate in order to balance market risks.


Learn more: https://www.okx.com/trade-market/discountrate


Regards,
OKX
April 6, 2023 (UTC)