As part of its ongoing efforts to maintain a healthy trading environment, OKX has announced the delisting of several margin trading pairs, including KISHU/USDT. The exchange aims to improve overall market liquidity and enhance the trading experience for users.
OKX to Delist KISHU Margin Trading Pairs for Better Market Liquidity
The delisting schedule is as follows:
- Borrowing Feature Suspension: September 12, 2024, at 09:00 UTC
- Delisting Time: Between September 19, 2024, 10:00 – 12:00 UTC
During the delisting process, OKX will suspend margin trading and flexible lending services for the affected pairs. Any open margin orders will be canceled, and the suspension of each pair will take approximately one hour. Users with ongoing KISHU/USDT margin debt or collateral are advised to repay their loans before the delisting deadline to avoid forced repayment.
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OKX has also recommended that users cease trading the affected pairs and close all relevant positions ahead of time to minimize potential risks from price fluctuations.
In addition, the platform will adjust discount rates for the delisted assets. Users who have used these assets as collateral must take steps to maintain a healthy Loan-to-Value (LTV) ratio or face the risk of forced liquidation to cover outstanding debt.
In the multi-currency cross-margin mode, OKX manages risk by using specific discount rates to convert different currencies into USD value, accounting for liquidity differences in the market.
The Bit Journal will continue to track the delisting process and provide further updates as they become available.
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