OKX to delist KISHU margin trading pairs
In order to improve market liquidity and improve the overall user experience, OKX will delist several margin trading pairs. The details are as follows：
- Margin trading
Margin trading pairs Cease borrowing feature Delisting time KISHU/USDT September 12, 2024, 6:00 am UTC September 19, 2024, 7:00 ~ 9:00 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 loans should make sure to repay before the delisting times. A forced payment will be triggered if unpaid borrowings remain due by the delisting time.
Please note: Prices may experience extreme fluctuations. To avoid losses caused by forced repayment, we recommend you stop trading the pairs listed above and close all underlying positions in advance.
- Adjustment of discount
Asset Before After Tier (USD) Discount rate Tier (USD) Discount rate KISHU 0 - 50,000 0.5 0 0 > 50,000 0
OKX will gradually adjust discount of the above cryptos. If you're using the above cryptos as collateral, please adjust your collateral to maintain healthy Loan-To-Value (LTV) ratios. Please note that if you fail to do so, it'll cause our system to implement forced liquidations to settle any outstanding debts or positions.
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 certain discount rates to balance market risks.
Learn more: https://www.okx.com/trade-market/discountrate
OKX team
September 12, 2024