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 characteristic for the FRONT/USDT margin buying and selling pair will probably be disabled on September 2, 2024 at 05:00 UTC.
The margin buying and selling pair will probably be fully delisted between 06:00 and 07:00 on September 4, 2024.
Through 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 will probably 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 will probably be delivered on the arithmetic common worth of the related OKX index between 10:00 and 11:00 UTC on the day of delisting.
The platform reserves the best to regulate the ultimate supply worth in case of abnormality within the index worth.
To attenuate the danger of pressured redemptions and potential losses from worth fluctuations, OKX recommends customers to scale back leverage and shut positions earlier than they’re delisted.
*This isn’t funding recommendation.
