In a strategic move to enhance market liquidity and deliver a superior trading experience, OKX has announced the upcoming delisting of several perpetual futures contracts. This decision reflects the platform’s ongoing commitment to maintaining a high-performing, user-centric trading environment by streamlining underperforming assets and focusing on more liquid markets.
The affected contracts will be officially delisted on June 12, 2025, at 8:00 am UTC. Traders holding positions in these instruments are advised to review their portfolios and take appropriate action ahead of the deadline to avoid potential restrictions or delivery complications.
Perpetual Futures Being Delisted
The following perpetual futures pairs will be removed from trading and settlement on the specified date:
- XUSDT
- BSVUSDT
- GUNUSDT
- BRUSDT
- SWELLUSDT
All trading activity for these contracts will cease at the delisting time. Additionally, any open orders currently sitting in the order book will be automatically canceled by the system post-delisting. This ensures a clean and orderly market closure without lingering trade imbalances.
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Settlement and Delivery Process
For users who still hold open positions at the time of delisting, OKX will execute automatic delivery based on the arithmetic average price of the corresponding OKX index over the one hour preceding delisting (i.e., from 7:00 am to 8:00 am UTC).
In cases where the index price shows abnormal fluctuations during this period—such as sudden spikes or drops due to manipulation or technical issues—OKX reserves the right to adjust the final delivery price to a fair and reasonable level. This safeguard ensures equitable treatment for all participants and prevents unfair liquidations.
It's important to note that the funding rate at 8:00 am UTC on June 12, 2025, will be set to 0%. As a result, no funding fees will be charged or credited during this final settlement cycle, simplifying the closing process for traders.
Risk Management Recommendations
Market volatility often increases significantly as delisting dates approach. With reduced liquidity and fewer active traders, price swings can become more erratic and unpredictable.
To protect your capital:
- Consider closing positions early to avoid exposure to last-minute price swings.
- Reduce your effective leverage to minimize liquidation risk.
- Monitor your margin levels closely in the days leading up to June 12.
Taking proactive steps now can help you maintain control over your trading outcomes and reduce stress during the wind-down phase.
Post-Delisting Asset Transfer Restrictions
To ensure orderly settlement and prevent potential abuse during the transition, OKX will enforce a temporary restriction on asset withdrawals:
If you hold a position valued at over $10,000 USD in any of the delisted perpetual futures at the time of delivery, you will be unable to transfer assets out of your trading account for 30 minutes after delisting.
This measure helps maintain system integrity during a critical settlement window. After this brief holding period, all withdrawal functions will resume normally.
Accessing Historical Data
Even after delisting, OKX will continue to preserve your transaction history. You’ll still be able to view:
- Order history
- Billing records
- Trade confirmations
If you need to archive your data for accounting, tax reporting, or personal review, visit the Report Center on the OKX website to download comprehensive records before and after the delisting event.
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Risk Control Parameter Adjustments
To support a stable delisting process, OKX will implement temporary adjustments to its risk management framework:
Price Limit Rule Modifications
In anticipation of potential price deviations ahead of delisting, OKX may dynamically adjust price band limits based on prevailing market conditions. These changes aim to:
- Prevent extreme price gaps
- Reduce slippage during order execution
- Maintain fair pricing across matching engines
Such adaptive controls are standard practice during contract transitions and help protect both traders and the platform from systemic risks.
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these perpetual futures?
A: Delistings occur to improve overall market health by removing low-liquidity contracts. This allows OKX to focus resources on more active and sustainable trading pairs, ultimately enhancing user experience.
Q: What happens if I don’t close my position before delisting?
A: If you hold a position at 8:00 am UTC on June 12, 2025, it will be automatically settled using the one-hour average index price before delisting. You won’t need to take manual action, but it’s wise to monitor the process.
Q: Will I be charged funding fees at delisting time?
A: No. The funding rate at 8:00 am UTC on the delisting day will be set to 0%, so no funding payment will be applied.
Q: Can I still access my trade history after delisting?
A: Yes. All order and billing records remain accessible via the Report Center on the OKX website. You can download historical data for personal or compliance purposes.
Q: Why is there a 30-minute withdrawal freeze?
A: The temporary freeze applies only to users with large open positions ($10,000+ USD value) at delivery time. It ensures fair settlement and prevents manipulation during the critical post-delivery window.
Q: Are more delistings expected in the future?
A: OKX continuously evaluates contract performance. Periodic reviews may lead to additional delistings of low-volume or illiquid markets. Users are encouraged to stay informed through official announcements.
Final Thoughts
While delistings may require short-term adjustments, they are part of OKX’s broader strategy to foster a resilient, efficient, and transparent trading ecosystem. By retiring underperforming contracts, the platform reinforces trust, improves liquidity distribution, and supports better risk management for all users.
Traders are strongly encouraged to plan ahead—review open positions, consider early exits, and prepare for delivery if necessary. Staying proactive ensures smoother navigation through contract transitions.
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