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OKX has announced its decision to delist several margin trading pairs, including KISHU/USDT, in an effort to increase market liquidity and improve the overall trading experience for users.
OKX to Delisting KISHU Margin Trading Pairs for Better Market Liquidity
The delisting schedule is as follows:
Debt Stop Feature: September 12, 2024, 09:00
Delisting Time: September 19, 2024, between 10:00 and 12:00
During the delisting, OKX will suspend margin trading and flexible lending services for the affected pairs.
Open margin orders will be cancelled and the suspension of each pair will last approximately one hour. Users with ongoing debts or collateral in KISHU/USDT margin trading are advised to repay their loans prior to the delisting time to avoid mandatory repayment.
OKX recommends users to stop trading the affected pairs and close all underlying positions ahead of time to reduce potential risks from price fluctuations.
Additionally, the platform will adjust discount rates for delisted assets. Users using these assets as collateral must take steps to maintain a healthy Loan-to-Value (LTV) ratio, or risk having their positions forcibly liquidated to cover outstanding debts.
In multi-currency cross margin mode, OKX converts different currencies into USD value using specific discount rates, taking into account market liquidity differences to manage risks.
*This is not investment advice.