As part of its ongoing commitment to maintaining a secure, efficient, and user-focused trading environment, OKX has announced the upcoming delisting of several perpetual contracts. This strategic move aims to streamline product offerings, reduce market complexity, and enhance overall risk management for traders. Below is a detailed breakdown of the changes, timelines, and what users need to know to navigate this transition smoothly.
Upcoming Perpetual Contract Delistings
Starting June 27, 2025, at 16:00 (UTC+8), the following perpetual contracts will be officially taken offline:
- SANDUSD
- ALGOUSD
- TONUSD
At the specified time, all trading activity for these contracts will cease. Open orders will be automatically canceled, and all open positions will be settled using a standardized process designed to ensure fairness and transparency.
👉 Discover how OKX ensures smooth contract settlements during delisting events.
Settlement Process and Pricing Mechanism
To ensure a fair and orderly closeout of positions, OKX will use the arithmetic average of the OKX index price over the hour preceding delisting as the final settlement price for each affected contract.
In cases where the index price shows signs of abnormal manipulation during this one-hour window, OKX reserves the right to adjust the final settlement value to a more reasonable level based on market conditions. This safeguard helps protect users from artificial price distortions and ensures equitable outcomes.
It's important to note:
- The funding rate for the final funding period (at 16:00 UTC+8) will be set to 0%.
- No funding fees will be charged or recorded in your billing history.
- There will be no additional fees such as delivery or settlement charges applied during this process.
This transparent and cost-neutral approach minimizes financial surprises for users holding positions up to the delisting time.
Risk Management Recommendations
Market volatility often increases in the lead-up to contract delistings. To help users manage exposure effectively, OKX strongly advises taking proactive risk mitigation steps:
- Reduce effective leverage by closing partial positions or increasing margin allocation.
- Close open positions early to avoid last-minute price swings.
- Monitor your portfolio closely during the final 24 hours before delisting.
These actions can significantly lower the risk of liquidation due to sudden price movements or index anomalies.
Post-Delisting Account Restrictions
For risk control purposes, users who hold settled positions valued over $10,000 USD at the time of delisting will face temporary restrictions on asset transfers across their trading accounts.
- Restriction duration: 30 minutes after settlement.
- Scope: All asset transfers within the trading account will be paused.
- Purpose: Prevent potential misuse during the critical post-settlement window.
After the 30-minute hold period expires, full functionality will be automatically restored without requiring user intervention.
Accessing Historical Data
Even after delisting, users retain full access to historical records for transparency and accounting purposes:
- Order history and transaction bills for these contracts remain available.
- Data can be exported via the desktop version of the OKX platform under the Order Center.
- Recommended action: Download and back up relevant records before or shortly after delisting for future reference.
Keeping accurate records supports better tax reporting, performance analysis, and audit readiness—especially important for active traders and institutional users.
Adjustments to Risk Control Parameters
In preparation for a stable delisting process, OKX will implement temporary adjustments to certain risk parameters for the affected contracts:
Price Limit Rules
If significant price deviations occur prior to delisting, OKX may dynamically adjust limit order pricing rules to maintain market integrity. These changes are designed to prevent extreme slippage and ensure orderly trading during high-volatility periods.
The platform continuously monitors market depth, open interest, and index stability to make real-time decisions that prioritize user protection.
👉 Learn how advanced risk controls help maintain fair trading conditions on OKX.
Why Does OKX Delist Perpetual Contracts?
Periodic review and removal of underperforming or low-liquidity contracts are standard practices in professional trading platforms. Here’s why this benefits users:
- Improved Liquidity Concentration: Removing less-traded pairs allows volume to consolidate around stronger markets, reducing slippage.
- Simplified Decision-Making: Fewer options mean traders can focus on higher-quality opportunities.
- Enhanced System Stability: Streamlining active contracts reduces technical load and improves platform responsiveness.
- Regulatory and Risk Compliance: Proactively managing product offerings aligns with evolving global standards.
Delisting is not a reflection of an asset’s long-term potential but rather a strategic optimization of available trading instruments.
Frequently Asked Questions (FAQ)
Q: What happens if I forget to close my position before delisting?
A: Your position will be automatically settled using the pre-defined index average price. No action is required on your part, but it’s advisable to manage your exposure proactively.
Q: Will I be charged any fees during the settlement process?
A: No. There are no funding fees, settlement fees, or delivery charges applied during contract delisting.
Q: Can I still view my past trades after the contract is removed?
A: Yes. All historical orders and billing records remain accessible through the desktop platform’s Order Center.
Q: Why was my transfer function restricted after settlement?
A: A temporary 30-minute hold applies only to users with settled positions exceeding $10,000 to ensure system security and prevent misuse.
Q: Will these tokens still be available for spot trading?
A: Yes. The delisting applies only to perpetual futures contracts. SAND, ALGO, and TON will continue to be available for spot trading unless otherwise announced.
Q: How often does OKX delist contracts?
A: Reviews occur regularly based on liquidity, trading volume, and market demand. Users are always notified well in advance of any changes.
Staying Informed on Future Updates
OKX remains committed to delivering a transparent, secure, and high-performance trading experience. Users are encouraged to stay updated through official announcements and platform notifications.
👉 Stay ahead with real-time updates and advanced trading tools on OKX.
By proactively managing product lifecycles and prioritizing user safety, OKX continues to set industry standards for reliability and innovation in digital asset trading.
All information in this article is accurate as of June 25, 2025, and reflects current platform policies subject to change with notice.