Leading cryptocurrency exchange OKX has announced its decision to delist several illiquid perpetual swap and margin trading pairs, as part of its ongoing efforts to increase market liquidity and provide a better user experience.
OKX Takes Measures to Increase Market Liquidity by Delisting Certain Margin Pairs and Perpetual Contracts
This move aims to streamline trading offers and optimize trading conditions for its users. Delisting details are as follows:
DORAUSDT: 24 August 2023 at 11:00. ENJUSDT: August 24, 2023 at 11:00 am.
After the delist transaction, OKX will close the relevant transactions and all related orders in the order book will be cancelled. To ensure a smooth transition, OKX announced that it will follow the procedures below.
OKX will close all open positions for DORAUSDT and ENJUSDT perpetual swaps at the timed arithmetic average price of the respective OKX index 1 hour before delisting.
In case of abnormal fluctuations in the index price in the hour before the dellist, OKX reserves the right to adjust the final delivery price to a reasonable level for delivery.
OKX advises its users to reduce their actual leverage multiples or close their positions ahead of time to manage possible market volatility prior to delisting.
In addition, the exchange has implemented a temporary asset transfer restriction for users holding positions worth more than USD 10,000 in DORAUSDT and ENJUSDT perpetual contracts.
For the first 30 minutes after delisting, these users will be restricted from transferring assets from their trading accounts. After this 30-minute period, asset transfers will return to normal.
*Not investment advice.