To enhance user experience and optimize platform liquidity, OKX will delist TORN trading pairs across multiple products. This decision aligns with the OKX Token Delisting/Hiding Guidelines and incorporates community feedback.
Product-Specific Delisting Timeline
1. Spot Trading
- Delisting Time: September 27, 2022, 10:00 AM UTC
- All open TORN spot orders will be automatically canceled upon delisting.
2. Margin Trading
- Borrowing Suspension: September 21, 2022, 9:00 AM UTC
Trading Halt: September 27, 2022, 2:00 AM UTC
- All active TORN margin orders will be canceled.
- Forced repayments triggered at this time.
Risk Notice: Due to potential price volatility, users are advised to close TORN positions early to avoid liquidation losses.
👉 Learn how to manage margin positions securely
3. Perpetual Contracts
- Delisting Time: September 26, 2022, 8:00 AM UTC
- Positions will settle using the arithmetic average of OKX's TORN index price one hour prior to delisting.
- Funding rates set to 0% at delisting.
Key Adjustments:
- Price limits tighten as delisting approaches (see table below).
- Users with >$10,000 positions face temporary transfer restrictions post-delisting.
| Timeframe | Price Limit Parameters |
|-------------------------|------------------------|
| 48 hours before (Sep 24)| X=2%, Y=2%, Z=5% |
| 30 minutes before (Sep 26)| X=1%, Y=1%, Z=2% |
4. Savings Products
- Redemptions processed automatically after margin trading discontinuation.
- Funds transferred to users' funding accounts.
FAQs
Q: Why is OKX delisting TORN?
A: To maintain market quality and liquidity based on internal reviews and user feedback.
Q: What happens to my open TORN perpetual contracts?
A: Contracts will auto-settle at the index-derived price; no manual action required.
Q: How can I withdraw remaining TORN assets?
A: Transfer tokens post-delisting via your funding wallet.
👉 Visit OKX Support for assistance
For further questions, contact OKX via:
Last Updated: September 21, 2022 (UTC)
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