As part of its ongoing commitment to risk management and user protection, OKX has announced the upcoming delisting and termination of two perpetual contracts: VRAUSDT and MEMEFIUSDT. This strategic move aims to maintain platform stability, reduce exposure to volatile or low-liquidity assets, and ensure a safer trading environment for all users.
The delisting is scheduled for May 13, 2025, at 8:00 AM UTC+8, after which all related trading functions will be suspended. This article provides a comprehensive overview of what the delisting entails, how it affects traders, and the necessary steps users should take to safeguard their positions and data.
What Happens When a Perpetual Contract Is Delisted?
When a perpetual contract is delisted on OKX, several automated processes are triggered to ensure a fair and orderly closure:
- Trading Suspension: All trading activity for the affected contracts will cease at the specified time.
- Order Cancellation: Any open limit or conditional orders will be automatically canceled.
- Position Settlement: All open positions will be settled using the arithmetic average of the OKX index price over the hour preceding delisting.
- Final Funding Rate: The funding rate for the final period will be set to 0%, meaning no funding payments will be charged or received.
- No Additional Fees: There will be no settlement fees or extra charges during the forced position closeout.
👉 Learn how OKX manages contract terminations with precision and transparency.
This structured approach minimizes uncertainty and protects users from unexpected losses due to abrupt market shifts during the final trading phase.
Key Details of the VRAUSDT and MEMEFIUSDT Delisting
| Detail | Information |
|---|---|
| Contracts Affected | VRAUSDT, MEMEFIUSDT |
| Delisting Time | May 13, 2025, 08:00 AM UTC+8 |
| Final Settlement Price | Average index price in the last hour before delisting |
| Funding Rate (Final Period) | 0% |
| Fee on Settlement | None |
In cases where the index price appears to be manipulated or experiences abnormal fluctuations during the final hour, OKX reserves the right to adjust the final settlement price to a more reasonable level based on market conditions. This safeguard ensures fairness and prevents malicious price action from unfairly impacting user positions.
Risk Management Recommendations for Users
Given that market volatility often increases as delisting approaches—especially for lower-cap or less liquid tokens—OKX strongly advises users to take proactive steps:
- Reduce Leverage: Lower your effective leverage to minimize liquidation risk.
- Close Positions Early: Consider manually closing positions before the deadline to avoid automatic settlement.
- Monitor Account Activity: Be aware that large unsettled positions may trigger temporary restrictions.
⚠️ Important Note: Users holding positions valued at over $10,000 USD equivalent at the time of settlement will face a 30-minute restriction on asset transfers across their entire trading account. This measure helps prevent system abuse during high-risk transitions and is lifted automatically after the cooling period.
Post-Delisting: What Comes Next?
After the contracts are officially delisted:
- Historical Records Remain Accessible: Users can still view past orders, fills, and billing records.
- Data Export Available: For long-term recordkeeping, OKX recommends downloading order history via the desktop Order Center before or shortly after delisting.
- No Re-listing Guaranteed: Once removed, there is no assurance these contracts will return.
Keeping accurate records is especially important for tax reporting and personal portfolio tracking. Don’t wait until it’s too late—secure your data now.
👉 Access your trading history securely and prepare for upcoming changes.
Why Does OKX Delist Perpetual Contracts?
Delisting is a standard risk mitigation practice across major crypto derivatives platforms. Common reasons include:
- Low Trading Volume: Contracts with minimal activity increase operational overhead without benefit.
- High Volatility or Manipulation Risk: Tokens prone to pump-and-dump schemes or thin order books pose systemic risks.
- Project Fundamentals Deteriorating: If the underlying asset's ecosystem weakens, continued listing could endanger users.
- Regulatory or Compliance Concerns: Though not disclosed here, evolving legal landscapes may influence such decisions.
By proactively removing underperforming or risky contracts, OKX enhances overall platform resilience and prioritizes user safety over short-term volume metrics.
Frequently Asked Questions (FAQ)
Q: Will I lose money when my position is settled?
A: No — your position will be closed at the average index price one hour before delisting. You retain the full equity from that settlement. However, market movements prior to delisting may impact your P&L.
Q: Can I re-open a position after delisting?
A: No. Once a contract is delisted, it is permanently removed from trading. You cannot open new positions or adjust existing ones after 8:00 AM UTC+8 on May 13, 2025.
Q: Why was the final funding rate set to zero?
A: To simplify the settlement process and avoid disputes over last-minute funding charges, OKX sets the final rate to zero. This ensures a clean exit for all users.
Q: What should I do if I want to keep trading VRA or MEMEFI?
A: You may explore spot trading pairs (if available) or check other platforms offering derivatives. However, always assess liquidity and counterparty risk carefully.
Q: How do I download my order history?
A: Log in to OKX via desktop, go to Order Center > Perpetual > Historical Orders, filter by the relevant contract, and export your data.
Q: Is this delisting related to the projects' performance?
A: While OKX does not comment on individual project health, delistings are typically based on objective metrics like volume, volatility, and risk profile rather than subjective judgment.
Final Thoughts
The upcoming removal of VRAUSDT and MEMEFIUSDT perpetual contracts reflects OKX’s disciplined approach to maintaining a secure, efficient, and user-centric derivatives marketplace. While change can be disruptive, it ultimately strengthens platform integrity and protects traders from unnecessary risk exposure.
Staying informed and acting early is key. Whether you’re adjusting leverage, closing positions, or archiving trade logs, taking control now ensures a smoother experience during the transition.
👉 Stay ahead of platform updates and manage your crypto derivatives with confidence.