OKX Delists Three Altcoin Perpetual Futures Contracts to Reduce Market Risks

Generated by AI AgentCoin World
Monday, Jul 21, 2025 7:42 am ET1min read
BADGER
--
USDT
--
Aime RobotAime Summary

- OKX will delist BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts by July 25, 2025, 16:00 to mitigate market risks.

- Affected positions will be liquidated using the last hour's index price average, with zero funding fees during the removal process.

- Users holding >$10,000 positions face 30-minute asset transfer restrictions, while order history remains accessible post-removal.

- The move includes adjusted risk controls and pricing rules to prevent market imbalances, aligning with OKX's commitment to enhanced trading security.

Cryptocurrency exchange OKX has announced that it will delist three altcoin perpetual futures contracts from its platform. The move is aimed at reducing market risks and enhancing the trading experience for its users. The three altcoins affected by this decision are

BADGER
, BAL, and NIL, all of which are traded against
USDT
.

The official statement released by OKX indicates that the perpetual contracts for BADGER/USDT, BAL/USDT, and NIL/USDT will be terminated as of 16:00 on July 25, 2025. On this date, trading for these contracts will be suspended, all pending orders will be canceled, and users' open positions will be liquidated based on the arithmetic average of the last hour's OKX index prices. The platform has also reserved the right to adjust the final delivery price to a reasonable level in case of abnormal fluctuations in index prices.

To ensure a smooth transition, OKX has set the funding rate to zero during the removal process. This means that users will not incur any funding fees or delivery commissions for these transactions. Additionally, users with positions exceeding $10,000 will be unable to transfer assets from their accounts for 30 minutes during the removal process. After this period, accounts will be able to be used normally again.

Users will still have access to their order history and invoice records after the contracts are removed. It is advised that users who wish to back up these records download their data from the desktop order center in a timely manner. OKX has also stated that it will adjust some risk control parameters and limit pricing rules to prevent market imbalances during these removals.

The platform has emphasized its commitment to providing a more secure and efficient trading environment. OKX will continue to evaluate and update its offerings regularly to ensure that users have access to the best possible trading experience. This decision to delist certain altcoins is part of OKX's ongoing efforts to manage market risks and improve the overall trading experience for its users.