Cryptocurrency exchange OKX has announced the delisting of several perpetual futures and margin trading pairs in an effort to increase market liquidity and improve the trading experience for users.
OKX to Delisting DMAIL, VENOM and REN Margin Trading Pairs and Perpetual Futures
The affected couples and their delisting schedules are as follows:
DMAIL/USDT: August 29, 2024, 11:00
VENOM/USDT: August 29, 2024, 11:00
REN/USDT: August 29, 2024, 11:00
Following delisting, OKX will terminate all related transactions and all active orders in the order book will be cancelled.
OKX will deliver perpetual futures contracts at the arithmetic average price of the relevant OKX index between 10:00 and 11:00 a.m. on the day of delisting to close outstanding positions.
In case of any abnormal index price movement during this period, OKX reserves the right to adjust the final delivery price accordingly.
In addition, at the time of delisting (11:00), the funding rate will be set to 0, meaning no funding fees will be charged during this period.
To reduce risks from possible market volatility prior to delisting, users are advised to reduce leverage or close positions in advance.
Additionally, for users with positions exceeding $10,000 at the time of delivery, asset transfers from the trading account will be temporarily restricted for the first 30 minutes after delisting. Transfers will then continue normally.
The transaction history and billing records for these pairs will remain accessible after delisting, and users can download these records via the report center on the OKX platform.
*This is not investment advice.