OKX has introduced its determination to delist a number of margin buying and selling pairs, together with KISHU/USDT, in an effort to extend market liquidity and enhance the general buying and selling expertise for customers.
OKX to Delisting KISHU Margin Buying and selling Pairs for Higher Market Liquidity
The delisting schedule is as follows:
Debt Cease Characteristic: September 12, 2024, 09:00
Delisting Time: September 19, 2024, between 10:00 and 12:00
In the course of the delisting, OKX will droop margin buying and selling and versatile lending providers for the affected pairs.
Open margin orders can be cancelled and the suspension of every pair will final roughly one hour. Customers with ongoing money owed or collateral in KISHU/USDT margin buying and selling are suggested to repay their loans previous to the delisting time to keep away from necessary reimbursement.
OKX recommends customers to cease buying and selling the affected pairs and shut all underlying positions forward of time to cut back potential dangers from worth fluctuations.
Moreover, the platform will modify low cost charges for delisted belongings. Customers utilizing these belongings as collateral should take steps to keep up a wholesome Mortgage-to-Worth (LTV) ratio, or danger having their positions forcibly liquidated to cowl excellent money owed.
In multi-currency cross margin mode, OKX converts totally different currencies into USD worth utilizing particular low cost charges, taking into consideration market liquidity variations to handle dangers.
*This isn’t funding recommendation.