In line with its ongoing efforts to mitigate market risks and enhance user trading experience, OKX has announced the scheduled delisting of selected perpetual contracts. Below are the key details regarding this process:
Delisting Schedule for Perpetual Contracts
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| VRAUSDT | May 13, 2025, 8:00 AM |
| MEMEFIUSDT | May 13, 2025, 8:00 AM |
Key Process Details
- Trading Halt: All trading activity for the specified contracts will cease at the delisting time.
- Order Cancellation: Pending user orders will be automatically canceled.
- Settlement Price: Positions will be settled using the arithmetic mean of OKX's index price during the hour preceding delisting. If price manipulation is detected, OKX reserves the right to adjust the final settlement price.
Financial Considerations
- Funding Rate: The final funding rate at 8:00 AM will be set to 0 (no billing record generated).
- No Additional Fees: Users won't incur funding charges or settlement fees during position closure.
Risk Management Advisory
Due to potential market volatility before delisting, users are advised to:
- Reduce effective leverage ratios
- Close positions proactively
- Monitor account restrictions (30-minute transfer freeze for positions >$10,000 at settlement)
👉 Learn about OKX's risk management tools
Post-Delisting Actions
- Historical orders and billing records remain accessible for query/download via desktop Order Center.
Wind-down parameters for affected contracts will be adjusted as follows:
- Dynamic price limits may be modified based on market conditions
- OKX will continue optimizing products/services
FAQ: Perpetual Contract Delisting
Q: Why is OKX delisting these contracts?
A: Regular reviews ensure market stability and user protection against high-risk instruments.
Q: How are positions valued during settlement?
A: The hourly index price average before delisting determines payout amounts.
Q: Can I transfer assets immediately after settlement?
A: Accounts with >$10,000 positions face temporary 30-minute transfer restrictions.
Q: Where can I access historical trade data?
A: All records remain available via desktop Order Center post-delisting.
Q: Will funding fees apply to my final settlement?
A: No, the last funding rate is zeroed out before position closure.
Q: How does OKX prevent price manipulation during settlement?
A: The platform monitors index deviations and may adjust prices to fair market levels.