The cryptocurrency derivatives market is constantly evolving, and maintaining a healthy trading environment requires proactive management of available trading pairs. As part of this ongoing optimization, OKX will be sunsetting several perpetual contracts to enhance risk control and improve user experience. This article details the upcoming changes, explains what users need to know, and offers actionable guidance for managing positions ahead of the delisting date.
Upcoming Perpetual Contract Delistings
To ensure market integrity and reduce exposure to low-liquidity or high-volatility assets, OKX has announced the removal of select USDT-margined perpetual contracts. The following contracts will be officially delisted on June 5, 2025, at 4:00 PM UTC+8:
- JUSDT
- SWEATUSDT
- PUFFERUSDT
- MOVRUSDT
- SUNDUGUSDT
These contracts will cease trading at the specified time. All open orders will be automatically canceled, and outstanding positions will be settled using a standardized process designed to ensure fairness and transparency.
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How Settlement Will Work
Understanding the settlement mechanism is crucial for traders holding positions in the affected contracts. Here’s how the process will unfold:
- Settlement Price: The final price used to close all open positions will be calculated as the arithmetic average of the OKX index price over the hour preceding delisting (i.e., from 3:00 PM to 4:00 PM UTC+8).
- Price Manipulation Safeguards: In the rare event that the index price is suspected of being manipulated during this period, OKX reserves the right to adjust the final settlement price to a more reasonable level based on market conditions.
- No Funding or Fees: The funding rate for the final hour (4:00 PM) will be set to zero, meaning no funding payment will be recorded. Additionally, there will be no fees charged for position liquidation or settlement.
This structured approach ensures a smooth wind-down process while protecting users from unexpected costs or unfair pricing.
Risk Management Recommendations
Market volatility often increases as delisting dates approach, especially for lower-volume contracts. Traders are strongly advised to take proactive steps to manage their exposure:
- Reduce Leverage: Lower your effective leverage to minimize liquidation risk amid potential price swings.
- Close Positions Early: Consider exiting positions before the deadline to avoid automatic settlement.
- Monitor Price Action: Keep an eye on spot and futures spreads, which may widen as liquidity dries up.
Ignoring these warnings could lead to unintended losses, particularly if slippage or sudden volatility impacts entry or exit prices.
Post-Delisting Account Restrictions
After the contracts are delisted, users with settled position values exceeding $10,000 will face temporary restrictions:
- Asset Transfer Lock: For 30 minutes following delisting, affected accounts will be unable to transfer any assets in or out.
- Automatic Restoration: Access will be restored automatically after the cooling period without requiring user intervention.
This measure helps prevent abuse during the sensitive post-settlement window and supports platform stability.
Accessing Historical Records
Even after delisting, OKX ensures full transparency and data availability:
- All historical orders, trade executions, and billing records related to the removed contracts will remain accessible.
- Users are encouraged to download and archive their data via the desktop Order Center for personal records or tax reporting purposes.
Data retention policies ensure compliance and empower users with long-term visibility into their trading history.
Adjustments to Risk Parameters
In preparation for the delisting, OKX will implement temporary adjustments to risk controls on the affected contracts:
- Price Band Expansion: To accommodate potential volatility, the allowable price deviation from the index may be widened.
- Dynamic Limit Rules: If abnormal price movements occur, OKX may adjust limit order rules to maintain orderly trading and prevent cascading liquidations.
These changes are part of standard risk mitigation protocols and reflect OKX’s commitment to platform resilience.
Frequently Asked Questions (FAQ)
Q: What happens if I don’t close my position before delisting?
A: Your position will be automatically settled using the pre-defined index average price. No action is required, but you lose control over exit timing and price.
Q: Will I be charged a fee when my position is settled?
A: No. There are no settlement fees or funding charges applied during the final hour.
Q: Can I still view my trade history after the contract is removed?
A: Yes. All historical data remains available in your account under the Order Center.
Q: Why are these specific contracts being delisted?
A: Contracts are reviewed regularly based on liquidity, trading volume, and market demand. Low activity or increased risk may lead to removal.
Q: Will these contracts ever return?
A: Relisting depends on market conditions and asset performance. There is no guaranteed timeline for reintroduction.
Q: How can I stay informed about future delistings?
A: Enable platform notifications and regularly check the official announcements section on OKX.
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The decision to delist certain perpetual contracts reflects OKX’s proactive stance on risk management, market health, and user protection. By removing underperforming or high-risk instruments, the platform fosters a more sustainable trading ecosystem.
Traders should use this opportunity to review their current portfolios, assess exposure to less liquid assets, and consider diversifying into more stable markets. Staying informed and acting early can make a significant difference in preserving capital and avoiding last-minute surprises.
Key Takeaways
- Five USDT-margined perpetual contracts will be delisted on June 5, 2025, at 4:00 PM UTC+8.
- Positions will be settled using the hourly average index price; no fees apply.
- Users with large settled positions face a 30-minute transfer freeze.
- Historical data remains accessible for auditing and record-keeping.
- Risk parameters may be adjusted ahead of delisting to ensure market stability.
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By aligning with best practices in digital asset trading, OKX continues to deliver a robust, transparent, and user-focused experience. Always monitor official channels for updates and adjust your strategy accordingly as the crypto landscape evolves.