To enhance market liquidity and optimize user experience, OKX will delist select perpetual futures and margin trading pairs. Below are the key details:
1. Perpetual Futures Trading
| Futures Name | Delisting Time |
|--------------|-------------------------------|
| WSMUSDT | 8:00–9:00 am UTC, February 6 |
Key Actions:
- All active trades for these futures will terminate upon delisting.
- Open orders will be canceled automatically.
- Positions will be settled at the arithmetic average price of the OKX index 1 hour before delisting.
Notes:
- The funding rate at 8:00 am UTC on delisting day will be 0.
- Market volatility may spike pre-delisting—manage risk by reducing leverage or closing positions early.
- Asset transfers out of trading accounts will be restricted for 30 minutes post-delisting if positions exceed $10,000 USD at settlement.
Risk Control Adjustments:
| Parameter | 48 Hours Before Delivery | 30 Minutes Before Delivery |
|-----------------|--------------------------|----------------------------|
| Price Limit (X) | 2% | 1% |
| Range (Y) | 2% | 1% |
| Cap (Z) | 5% | 2% |
2. Margin Trading
| Trading Pair | Borrowing Suspension Time | Delisting Time |
|--------------|-------------------------------|-----------------------------|
| WSM/USDT | February 1, 6:00 am UTC | February 6, 9:00 am UTC |
Steps:
- Margin trading and flexible loans for these pairs will suspend at the specified times.
- Open orders will be canceled.
- Repay all borrowings before delisting to avoid forced repayment.
👉 Learn more about margin trading risks
3. Discount Rate Adjustments
| WSM Tier (USD) | Previous Discount Rate | New Discount Rate |
|----------------|------------------------|-------------------|
| 0–50,000 | 0.5% | 0% |
| >50,000 | 0% | 0% |
Context:
Discount rates mitigate liquidity risks in cross-margin accounts by adjusting the USD value of less liquid assets.
FAQs
Why is OKX delisting WSM trading pairs?
To improve overall market liquidity and align with risk management strategies.
What happens to my open WSMUSDT futures positions?
Positions will auto-settle at the index price 1 hour before delisting.
Can I transfer assets immediately after delisting?
Transfers are restricted for 30 minutes if your position value exceeds $10,000 USD at settlement.
How does forced repayment work for margin loans?
Unrepaid borrowings at delisting time will trigger automatic repayment using collateral.
👉 Explore OKX’s trading policies
For further assistance, contact OKX support.