OKX Delists Three Perpetual Futures Contracts to Enhance Safety

Generated by AI AgentCoin World
Wednesday, Jun 25, 2025 5:03 am ET1min read
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Cryptocurrency exchange OKX has announced that it will delist three perpetual futures contracts from its platform on June 27, 2025. The decision is aimed at enhancing the safety and stability of the trading environment for its users. The contracts to be removed include SANDUSD,

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, and TONUSD perpetual futures contracts. This move is driven by factors such as low liquidity and increased market risk.

The delisting process will commence at 16:00 on June 27, 2025. During this period, all open transactions will be automatically closed by the system, and all open orders on the order board will be canceled. The contracts will be delivered using the arithmetic average of OKX index prices in the last hour before closing. OKX has stated that if price manipulation is detected during this one-hour period, it may readjust the delivery price to reasonable levels. Additionally, no extra fees or funding charges will be applied at the time of delivery.

Users with open positions exceeding 10,000 USDT at the time of delivery will face a 30-minute restriction on transferring assets between accounts. This measure is intended to ensure the safe completion of transactions. OKX has advised users with leveraged positions to close their positions or reduce leverage in advance to mitigate risks associated with sudden price movements. All historical order and transaction records for the removed contracts will be available for download via the “Order Center” on the desktop version.

OKX has also indicated that it may adjust the limit price rules based on market conditions. The company is committed to continuous improvements to better serve its users. This announcement underscores OKX's proactive approach to managing market risks and ensuring a secure trading environment for its users. The delisting of these contracts is a strategic move to enhance the overall stability and reliability of the platform, reflecting OKX's dedication to providing a safer trading experience.