OKX has introduced plans to delist the FRONT/USDT margin buying and selling pair and the associated perpetual futures contract as a part of its efforts to enhance market liquidity and improve the general consumer expertise.
OKX to Delist FRONT Margin Buying and selling Pair and Perpetual Future
The borrowing function for the FRONT/USDT margin buying and selling pair can be disabled on September 2, 2024 at 05:00 UTC.
The margin buying and selling pair can be utterly delisted between 06:00 and 07:00 on September 4, 2024.
In the course of the delisting course of, OKX will droop margin buying and selling and versatile lending companies for the affected pair.
Open orders for margin buying and selling can be cancelled, and customers with excellent money owed or collateral tied to the FRONT/USDT pair should make a refund earlier than the delisting time to keep away from obligatory refunds.
Perpetual Futures:
OKX will even terminate all related perpetual futures contracts for the FRONT/USDT pair. These contracts can be delivered on the arithmetic common value of the related OKX index between 10:00 and 11:00 UTC on the day of delisting.
The platform reserves the fitting to regulate the ultimate supply value in case of abnormality within the index value.
To attenuate the chance of compelled redemptions and potential losses from value fluctuations, OKX recommends customers to scale back leverage and shut positions earlier than they’re delisted.
*This isn’t funding recommendation.