Cryptocurrency exchange OKX has announced that it will remove three different perpetual futures contracts from its platform on June 27, 2025, in an effort to provide its users with a safer and more stable trading experience.
OKX to Shut Down Perpetual Futures Contracts on Three Crypto Assets on June 27
This decision is based on reasons such as low liquidity and increased market risk.
Futures Contracts to be Removed
The removal will take place as of 16:00 on June 27, 2025 and will cover the following contracts:
- SANDUSD Perpetual Futures Contract
- ALGOUSD Perpetual Futures Contract
- TONUSD Perpetual Futures Contract
During the removal process:
- All open transactions will be closed automatically by the system.
- All open orders on the order board will be canceled.
- Contracts will be delivered using the arithmetic average of OKX index prices in the last hour before closing.
- If price manipulation is detected during this one-hour period, OKX stated that it may readjust the delivery price to reasonable levels.
- No additional fees or funding charges will be charged at the time of delivery.
Additionally, users with open positions over 10,000 USDT at the time of delivery will not be able to transfer assets between accounts for 30 minutes. This restriction was introduced to ensure that transactions are completed safely.
Recommendations and Additional Information for Users
- OKX warned users with leveraged positions to close positions or reduce leverage in advance.
- It was stated that risk control should be carried out against such sudden price movements.
- All historical order and transaction records for the removed contracts will later be available for download via the “Order Center” on the desktop version.
OKX stated that it may also change the limit price rules according to market conditions. The company emphasized that it will continue to make continuous improvements in order to provide better service to its users.
*This is not investment advice.
