In a strategic move to enhance market liquidity and optimize the overall 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-quality, efficient derivatives market that meets evolving user demands and asset performance standards.
The affected contracts will be officially removed from trading on June 5, 2025, at 8:00 AM UTC. Traders are strongly encouraged to review their open positions and take appropriate action ahead of the delisting window to minimize risk and ensure smooth portfolio management.
List of Delisted Perpetual Futures
The following perpetual futures contracts denominated in USDT will be discontinued:
- JUSDT
- SWEATUSDT
- PUFFERUSDT
- MOVRUSDT
- SUNDOGUSDT
Once delisted, all active trading for these instruments will cease. Any outstanding orders in the order book will be automatically canceled by the system at the time of delisting. This ensures a clean market closure and prevents unintended executions post-termination.
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Settlement and Delivery Process
Upon delisting, open positions in the affected perpetual futures will be settled using a transparent and fair mechanism. OKX will calculate the final delivery price based on the arithmetic average of the corresponding OKX index over the one-hour period preceding delisting (i.e., from 7:00 AM to 8:00 AM UTC).
In cases where the index price exhibits abnormal behavior—such as extreme volatility, data discrepancies, or manipulation indicators—OKX reserves the right to adjust the final settlement price to a reasonable and representative level. This safeguard helps protect traders from unfair liquidations or distorted valuations during volatile market conditions.
It's important to note that the funding rate at 8:00 AM UTC on June 5, 2025, will be set to 0%. As a result, no funding payments will be charged or received for this final funding interval, simplifying the settlement process for users holding positions up to the delisting moment.
Risk Management Recommendations
Markets often experience heightened volatility as delisting dates approach, especially for less-traded or lower-liquidity assets. To help users protect their capital:
- Consider closing positions early to avoid last-minute price swings.
- Reduce effective leverage to lower exposure.
- Monitor your portfolio closely during the final hours before delisting.
OKX emphasizes that proactive risk management is crucial during such transitional periods. Unexpected price gaps or slippage can occur, particularly if external market sentiment shifts rapidly.
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Post-Delisting Asset Transfer Restrictions
To maintain platform stability and ensure orderly settlement, OKX will enforce a temporary withdrawal freeze for users holding significant open positions at the time of delivery.
Specifically:
- If your position value exceeds $10,000 USD at the time of settlement,
- And it pertains to any of the delisted perpetual futures,
- Then you will be restricted from transferring assets out of your trading account for the first 30 minutes after delisting.
This measure prevents systemic risks associated with large-scale fund movements immediately following contract termination. After this 30-minute window, all transfer functions will resume normally.
Your order history, trade records, and billing statements will remain accessible even after delisting. Users who wish to retain personal copies of their transaction data can download reports via the Report Center on the OKX website.
Adjustments to Risk Control Parameters
To support a stable and secure delisting process, OKX will implement temporary modifications to certain risk management settings:
Price Limit Rule Adjustments
If significant deviations occur between the contract price and its underlying index prior to delisting, OKX may dynamically adjust price limits. These adjustments are designed to:
- Prevent excessive slippage
- Reduce the likelihood of unfair liquidations
- Maintain orderly trading conditions
Such changes will be applied transparently and in alignment with market behavior, ensuring fairness across all user segments.
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these perpetual futures?
A: Delistings are conducted to improve market liquidity and user experience. Contracts with consistently low trading volume or poor liquidity may be removed to streamline the product offering and focus on higher-quality assets.
Q: What happens to my open position after delisting?
A: Open positions will be automatically settled at the arithmetic average price of the OKX index one hour before delisting. You’ll receive the equivalent value in your account based on this final price.
Q: Will I be charged a funding fee at 8:00 AM UTC on June 5?
A: No. The funding rate at that time will be set to 0%, so no funding fees will be applied for that cycle.
Q: Can I still access my trade history after delisting?
A: Yes. All historical data—including order records and billing statements—remains available through your account dashboard and the Report Center.
Q: Why is there a 30-minute transfer restriction?
A: This temporary hold applies only to users with large open positions ($10,000+ USD) at settlement. It ensures system integrity during the critical post-delisting phase and prevents potential abuse or instability.
Q: How can I prepare for the delisting?
A: Review your current holdings, close or hedge positions early if needed, reduce leverage, and download any necessary transaction records before June 5.
Core Keywords
- Perpetual futures delisting
- OKX derivatives update
- Crypto futures settlement
- Trading risk management
- Market liquidity improvement
- USDT-denominated futures
- Contract delisting date
- Index-based price delivery
By aligning with market best practices and prioritizing user protection, OKX continues to refine its financial products for long-term sustainability and trader success. Staying informed about upcoming changes like these is essential for every active crypto trader.
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