OKX will delist several margin trading pairs
In order to improve market liquidity and improve the overall user experience, OKX will delist several low-liquidity margin trading pairs. The details are as follows:
- Margin trading
| Margin trading pairs | Cease borrowing feature | Delisting time |
|---|---|---|
| SKL-USDT | March 30, 2023, 06:00 AM UTC | April 6, 2023, 06:00 AM UTC |
| ALGO-BTC | April 3, 2023, 06:00 AM UTC | April 11, 2023, 07:00 AM UTC |
| ICP-BTC | April 11, 2023, 09:00 AM UTC | |
| ANT-BTC | April 13, 2023, 07:00 AM UTC | |
| HBAR-BTC | April 13, 2023, 09:00 AM UTC | |
| KSM-BTC | April 17, 2023, 07:00 AM UTC | |
| COMP-BTC | April 17, 2023, 09:00 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 1 hour to suspend. Users with borrowings or collateral of the above crypto pairs in margin trading and flexible loan should make sure to repay before the delisting times. A forced payment will be triggered if unpaid borrowings remain due by the delisting times.
Please note: Prices may experience extreme fluctuations. To avoid losses caused by forced repayment, we recommend you stop trading pairs listed above and close all underlying positions in advance.
- Adjustment of discount
| Asset | Before | After | ||
|---|---|---|---|---|
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| SKL | 0~50,000 | 0.5 | 0 | 0 |
| >50,000 | 0 | |||
Discount rates overview
In 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 a certain discount rate in order to balance market risks.
Learn more: https://www.okx.com/trade-market/discountrate
Regards,
OKX
March 27, 2023 (UTC)