Dear OKX Users,
To mitigate market risks and provide an optimal trading experience, OKX periodically reviews and delists selected perpetual contracts and leveraged trading pairs. The following outlines the delisting schedule for GFT trading pairs:
1. Perpetual Contract Trading
| Contract Name | Delisting Time |
|---|---|
| GFTUSDT Perpetual | December 3, 2024, 16:00 (UTC+8) |
Key Details:
- Trading will halt at the specified time, with all pending orders canceled.
- The settlement price will use the arithmetic mean of OKX's index price during the hour preceding delisting.
- No funding fees will apply during the final settlement period (16:00 UTC+8), and no additional charges (e.g., settlement fees) will be incurred.
👉 Learn how to manage delisting risks
Risk Management Notes:
Volatility may intensify pre-delisting. Users are advised to:
- Reduce leverage ratios.
- Close positions proactively.
- Insufficient risk reserve coverage for liquidation losses will trigger Auto-Deleveraging (ADL), prioritizing high-profit users.
Post-Delisting:
- Accounts with >$10,000 in settled positions face a 30-minute transfer freeze.
- Historical orders/records remain accessible via desktop Order Center for backup.
Adjusted Price Limits (Pre-Delisting)
| Timeframe | X (Initial) | Y (Ongoing) | Z (Cap) |
|---|---|---|---|
| 48 hours prior | 2% | 2% | 5% |
| 30 minutes prior | 1% | 1% | 2% |
Note: Rules may adapt if price deviations occur.
2. Leveraged Trading & Flexible Loans
| Trading Pair | Borrowing Halt | Delisting Window |
|---|---|---|
| GFT/USDT | November 28, 2024, 12:30 UTC+8 | December 2, 14:00–16:00 UTC+8 |
Actions Required:
- Repay loans before delisting to avoid forced repayments.
- System liquidation during volatile markets may amplify losses—manual closing is recommended.
3. Collateral Discount Rate Adjustment
Previous Rates (GFT):
| Tier | Max Collateral (GFT) | Discount Rate |
|---|---|---|
| 1 | 120,000 | 0.80 |
| 2 | 220,000 | 0.78 |
| 3 | 350,000 | 0.77 |
New Policy:
- Discount rates will progressively drop to 0 during delisting.
Margin requirements may rise—users should:
- Close positions.
- Deposit additional collateral.
- Reduce exposure.
👉 Understand cross-margin impacts
FAQs
Q: Can I trade GFT after delisting?
A: No. All GFT-related contracts and leverage pairs will be inaccessible post-delisting.
Q: How is the settlement price determined?
A: It's based on the OKX index average 1 hour before delisting, excluding manipulated prices.
Q: Will I lose funds during forced repayment?
A: Potentially. Market volatility during automatic liquidation may result in losses—close positions manually.
Q: Where can I access past GFT trade records?
A: Via desktop Order Center > "History" tab.
OKX remains committed to enhancing product quality and user experience. For further assistance, contact Support.
OKX Team
November 28, 2024