OKX will delist several margin trading pairs
Dear OKX users,
In order to improve market liquidity and improve overall user experience, OKX will delist several low-liquidity margin trading pairs. The schedule is as follows：
- Margin trading and flexible loan
Margin trading pairs Cease borrowing feature Delisting time AKITA-USDT 6:00 am UTC, May 19, 2023 7:00 am UTC, May 29, 2023 CVC-BTC 9:00 am UTC, May 29, 2023 OMG-BTC 6:00 am UTC, May 30, 2023 EGLD-BTC 8:00 am UTC, May 30, 2023 CEL-USDC 10:00 am UTC, May 30, 2023
OKX will suspend margin trading and flexible loan services according to the delisting schedule above. All open orders pertaining to the affected pairs for margin trading will be canceled. Each pair will take around 1 hour to suspend. We advise users with borrowings or collateral of the affected pairs in margin trading and flexible loan to repay before the delisting; otherwise, a forced repayment will be triggered.
Please note: Prices may experience extreme fluctuations. To avoid losses caused by forced repayment, we recommend closing all underlying positions before you stop trading the affected pairs.
2. Adjustment of discount
| Asset | Before | After | ||
|---|---|---|---|---|
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| AKITA | 0~50,000 | 0.5 | 0 | 0 |
| >50,000 | 0 | |||
Introduction to discount rates
In multi-currency cross margin mode and portfolio 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, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: Discount rate
OKX
May 17, 2023