OKX Delists Three Altcoin Pairs to Reduce Market Risks

Generated by AI AgentCoin World
Monday, Jul 14, 2025 8:53 am ET1min read
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OKX, a leading crypto derivatives trading platform, has announced the delisting of three altcoin trading pairs from its futures trading platform. The affected pairs are LSKUSDT, LOOKSUSDT, and PIPPINUSDT, which will be removed from trading as of 4:00 PM on Friday, July 18, 2025. This decision is aimed at reducing market risks and enhancing the overall user experience on the platform.

During the delisting process, all open orders on the relevant contracts will be canceled. Existing positions will be subject to forced delivery at the arithmetic average of the OKX index price one hour before the removal time. OKX has also stated that if any manipulation of the index price is detected, the platform may intervene to determine a reasonable delivery price. The funding rate on July 18th at 4:00 PM will be set to zero, meaning no funding fees will be charged or recorded during this period. Additionally, no extra fees or delivery commissions will be imposed on users during the delivery process.

OKX has advised users to be cautious during this period, as high volatility may be experienced close to the removal of these contracts. Users are encouraged to reduce their leverage levels or close their positions in advance to mitigate potential risks. Furthermore, asset transfers in the accounts of users with positions over 10,000

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will be limited for 30 minutes at the time of delivery, after which they will return to normal. Past order and account statements for the removed contracts will remain accessible, and users are advised to download their records promptly from their desktop order center if they wish to back up their information.

Technical adjustments will be made during the contract removal process, with limit price rules being dynamically updated depending on the market situation if necessary. OKX has reiterated its commitment to providing more secure, stable, and high-quality services to its users, emphasizing its dedication to maintaining a robust and reliable trading environment.