OKX will delist several margin trading pairs
Published on 12 Jan 20232 min read
In order to improve market liquidity and improve the overall user experience, OKX will delist several low-liquidity margin trading pairs. The details are as follows:
|
Margin trading pairs
|
Cease borrowing feature
|
Delisting time
|
|
KAR-USDT
|
January 13, 2022, 06:00 AM UTC
|
January 16, 2022, 06:00 AM UTC
|
|
VSYS-USDT
VSYS-BTC
|
January 16, 2022, 08:00 AM UTC
|
|
|
WNCG-USDT
|
January 16, 2022, 10:00 AM UTC
|
|
|
HC-USDT
HC-BTC
|
January 17, 2022, 06:00 AM UTC
|
|
|
LAMB-USDT
|
January 17, 2022, 08:00 AM UTC
|
|
|
NAS-USDT
NAS-BTC
|
January 17, 2022, 10:00 AM UTC
|
OKX will suspend margin trading and flexible loan at the delisting times listed above, and your open orders for margin will be canceled. For users who have borrowings/collaterals of the above crypto pairs in margin trading and flexible loan, please make sure to repay before delisting times. A forced repayment will be triggered if unpaid borrowings remain due by delisting.
Please note: As prices might experience extreme fluctuations, to avoid losses caused by forced repayment, we suggest you stop trading pairs listed above and close all underlying positions in advance.
Adjustment of discount
| Asset | Before | After | ||
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| KAR、VSYS、WNCG、HC、LAMB、NAS | 0~50,000 | 0.5 | 0 | 0 |
| >50,000 | 0 | |||
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 a certain discount rate in order to balance market risks.
Regards,
OKX