OKX has announced plans to delist the FRONT/USDT margin trading pair and the related perpetual futures contract as part of its efforts to improve market liquidity and enhance the overall user experience.
OKX to Delist FRONT Margin Trading Pair and Perpetual Future
The borrowing feature for the FRONT/USDT margin trading pair will be disabled on September 2, 2024 at 05:00 UTC.
The margin trading pair will be completely delisted between 06:00 and 07:00 on September 4, 2024.
During the delisting process, OKX will suspend margin trading and flexible lending services for the affected pair.
Open orders for margin trading will be cancelled, and users with outstanding debts or collateral tied to the FRONT/USDT pair must make a refund before the delisting time to avoid mandatory refunds.
Perpetual Futures:
OKX will also terminate all relevant perpetual futures contracts for the FRONT/USDT pair. These contracts will be delivered at the arithmetic average price of the relevant OKX index between 10:00 and 11:00 UTC on the day of delisting.
The platform reserves the right to adjust the final delivery price in case of abnormality in the index price.
To minimize the risk of forced redemptions and potential losses from price fluctuations, OKX recommends users to reduce leverage and close positions before they are delisted.
*This is not investment advice.