In a strategic move to enhance market liquidity and elevate the overall user experience, OKX has announced the delisting of several perpetual futures and margin trading pairs. This decision reflects the platform’s ongoing commitment to maintaining a healthy trading environment by focusing on high-performing, liquid assets. Traders are advised to review their positions and take necessary actions ahead of the scheduled delisting dates.
This update covers key changes across perpetual futures, margin trading, and collateral discount rates. Understanding these adjustments is crucial for risk management and long-term trading success on the platform.
Perpetual Futures Delisting Schedule
OKX will officially delist the following perpetual futures contracts on April 8, 2025, at 8:00 AM UTC:
- MAX/USDT
- KISHU/USDT
- 1INCH/USD
- GRT/USD
After this time, all trading activity for these pairs will cease. Open orders currently in the order book will be automatically canceled upon delisting.
👉 Stay ahead of market changes—monitor your futures positions now.
Settlement and Delivery Details
All open positions in the affected perpetual contracts will be settled using the arithmetic average price of the corresponding OKX index, calculated over the one hour preceding delisting (7:00 AM – 8:00 AM UTC).
In cases where the index price shows abnormal fluctuations during this period, OKX reserves the right to adjust the final settlement price to a fair and reasonable level to ensure equitable delivery.
Funding Rate Adjustment
Notably, the funding rate for these contracts will be set to 0% at 8:00 AM UTC on the delisting day. As a result, no funding fees will be charged or credited during that cycle.
Post-Delisting Withdrawal Restrictions
For risk mitigation purposes:
- Users holding positions valued at over $10,000 at the time of delivery will face a 30-minute restriction on asset withdrawals from their trading accounts.
- Normal withdrawal functionality will resume automatically after this window.
Historical data—including order history and billing records—will remain accessible via the Report Center on the OKX website. Users are encouraged to download relevant data before delisting for personal records.
Risk Control Parameter Updates
To ensure smooth settlement during delisting, OKX will implement temporary adjustments to risk management protocols:
Price Limit Adjustments
If significant price deviations occur before delisting, OKX may dynamically adjust price limits based on real-time market conditions. This measure helps prevent extreme volatility and ensures orderly trading up to the final moments.
Margin Trading Pair Changes
Effective April 7, 2025, between 6:00 AM and 10:00 AM UTC, OKX will delist the following margin trading pairs:
- MAX/USDT
- SUSHI/USDC
- SNX/USDC
Additionally, the borrowing function for these pairs will be suspended earlier, on April 1, 2025, at 7:00 AM UTC.
What This Means for Traders
- All open margin orders will be canceled upon delisting.
- The suspension process will take approximately two hours per pair, so timing may vary slightly.
- Users with active loans or collateral tied to these assets must repay debts and withdraw collateral before the delisting window.
- Any outstanding borrowings after the deadline will trigger forced repayment.
⚠️ Risk Warning: Given potential price swings ahead of delisting, traders are strongly advised to exit positions early and settle loans proactively to avoid losses from forced liquidations.
👉 Secure your assets—review your margin exposure today.
Collateral Discount Rate Adjustment for MAX
As part of broader risk management improvements, OKX is updating its collateral discount rate framework, particularly affecting MAX tokens used in cross-margin accounts.
Current vs. Updated Discount Structure
Previously, MAX enjoyed tiered discount benefits based on collateral size:
| Tier | Max Collateral (USD) | Discount Rate |
|---|---|---|
| 1 | 20,000 | 0.8 |
| 2 | 32,000 | 0.78 |
| 3 | 52,000 | 0.77 |
| 4+ | +32,000 each tier | -0.01 each |
However, following the delisting announcement:
- The maximum collateral value for MAX will be set to $0
- The discount rate will be reduced to 0%
This means MAX will no longer contribute usable margin value in multi-currency cross-margin mode.
Why Discount Rates Matter
In cross-margin trading, various cryptocurrencies are converted into USD equivalents to serve as margin. Due to differences in liquidity and volatility, OKX applies discount rates to reflect realistic risk-adjusted values.
Lower liquidity assets like MAX are subject to higher risk, hence the gradual phase-out of their discount benefits.
Impact on Maintenance Margin
As discount rates decrease:
- The effective margin provided by MAX collateral drops
- This increases the maintenance margin rate, raising liquidation risk
- Users relying on MAX as collateral may face margin calls
✅ Recommended Actions:
- Close or reduce leveraged positions
- Replace MAX collateral with more stable assets
- Increase equity in your account to maintain safe margin levels
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these trading pairs?
A: Delistings are conducted to improve market liquidity and user experience by focusing on assets with stronger trading volume, stability, and demand. Low-liquidity pairs can increase slippage and risk for traders.
Q: What happens to my open positions after delisting?
A: All open perpetual futures positions will be settled at the average index price one hour before delisting. For margin pairs, open positions will be closed, and loans must be repaid before the deadline to avoid forced repayment.
Q: Can I still access my trade history after delisting?
A: Yes. Order history, transaction records, and billing data remain available through the Report Center on the OKX website. You can download this information for personal backup.
Q: How do discount rate changes affect my account?
A: A lower discount rate reduces the margin value of your collateral. If you're using MAX as collateral, its contribution to your total margin will drop to zero, increasing your chance of liquidation if not managed.
Q: Will I be charged fees during the final funding cycle?
A: No. The funding rate will be set to 0% at 8:00 AM UTC on April 8, 2025, so no funding fees will apply for that cycle.
Q: What should I do if I hold affected tokens?
A: Consider selling, transferring, or converting affected tokens before delisting. Repay any loans and withdraw collateral in time to avoid forced actions by the system.
Final Thoughts
Market evolution requires continuous optimization of available trading instruments. By delisting underperforming perpetual futures and margin pairs—and adjusting collateral policies—OKX reinforces its focus on security, fairness, and performance.
Traders must stay informed and proactive. Monitoring upcoming changes, managing leverage responsibly, and adapting collateral strategies are essential practices in today’s dynamic crypto landscape.
👉 Prepare for platform updates—manage your portfolio with confidence.
By aligning with platform changes early, users can minimize risks and maintain control over their digital assets during transitions. Stay vigilant, stay prepared.