OKX to delist several margin trading pairs
In order to improve market liquidity and improve the overall user experience, OKX will delist several margin trading pairs. The details are as follows：
Margin trading
Margin trading pairs | Cease borrowing feature | Delisting time |
MEMEFI/USDT | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 am UTC |
VRA/USDT | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 am UTC |
NC/USDT | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 am UTC |
OL/USDT | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 am UTC |
ETC/USDC | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 am UTC |
LUNC/USDC | May 7, 2025, 11:00 am UTC | May 12, 2025, 6:00 ~ 10:00 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 2 hour to suspend. Users with borrowings or collateral of the above crypto pairs in margin trading and flexible loans should make sure to repay before the delisting times. A forced payment will be triggered if unpaid borrowings remain due by the delisting time.
Please note: Prices may experience extreme fluctuations. To avoid losses caused by forced repayment, we recommend you stop trading the pairs listed above and close all underlying positions in advance.
Adjustment of discount
Before:
MEMEFI:
Tier | Max collateral | Discount rate |
1 | 3,000,000 | 0.8 |
2 | 5,000,000 | 0.7 |
3 | 8,200,000 | 0.65 |
4+ | Increase by 5,000,000 from the previous tier | Decrease by 0.05 from the previous tier |
VRA:
Tier | Max collateral | Discount rate |
1 | 550,000 | 0.8 |
2 | 1,000,000 | 0.7 |
3 | 1,500,000 | 0.65 |
4+ | Increase by 1,000,000 from the previous tier | Decrease by 0.05 from the previous tier |
NC:
Tier | Max collateral | Discount rate |
1 | 180,000 | 0.8 |
2 | 280,000 | 0.7 |
3 | 350,000 | 0.65 |
4+ | Increase by 180,000 from the previous tier | Decrease by 0.05 from the previous tier |
OL:
Tier | Max collateral | Discount rate |
1 | 250,000 | 0.8 |
2 | 400,000 | 0.7 |
3 | 500,000 | 0.65 |
4+ | Increase by 250,000 from the previous tier | Decrease by 0.05 from the previous tier |
After:
MEMEFI、VRA、NC、OL:
Max collateral | Discount rate |
0 | 0 |
Discount rates overviewIn 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 certain discount rates to balance market risks.
Risk Warning: Due to market volatility, we will gradually reduce the discount rate to 0 for the above mentioned tokens. During this period, the maintenance margin rate for users using the above tokens as collateral may increase. To prevent forced liquidation due to such discount adjustments, we advise users to manage risk in a timely manner by closing positions, reducing positions, or adding margin.
Learn more: https://www.okx.com/trade-market/discountrate
OKX team
May 7, 2025