Dear OKX Users,
To mitigate market risks and ensure a seamless trading experience, OKX periodically delists certain perpetual contracts and leverage trading pairs. Below are the upcoming delisting details:
1. Perpetual Contracts Trading
| Contract Name | Delisting Time |
|---|---|
| ZKJUSDT | April 30, 2025, 4:00 PM (UTC+8) |
Key Points:
- Trading halts at delisting time, with all pending orders canceled.
- Final settlement price: Arithmetic average of OKX indices from the hour preceding delisting.
- No funding fees or additional charges apply during settlement.
- Users with positions > $10,000 will face a 30-minute asset transfer freeze post-delisting.
👉 Risk Warning: Market volatility may surge pre-delisting. Manage exposure by reducing leverage or closing positions early.
2. Leverage Trading & Flexible Loans
| Trading Pair | Borrow Suspension Time | Delisting Window |
|---|---|---|
| ZKJ/USDT | April 28, 2025, 11:10 AM (UTC+8) | April 29, 2025, 5:00–7:00 PM (UTC+8) |
Actions Required:
- Repay loans before delisting to avoid forced liquidation.
- System initiates auto-repayment for outstanding loans at delisting.
⚠️ Proactive Measures: Close positions manually to prevent losses during forced repayments.
3. Discount Rate Adjustments for ZKJ
Previous Structure:
| Tier | Max Collateral | Discount Rate |
|---|---|---|
| 1 | 6,000 | 0.8 |
| 2 | 10,000 | 0.7 |
| 3 | 16,000 | 0.65 |
| 4+ | +10,000/tier | -0.05/tier |
Changes:
- Gradual reduction to 0% discount rate during ZKJ's phase-out.
- Margin requirements may rise—adjust positions or add funds to avoid liquidation.
FAQs
Q1: What happens to my ZKJUSDT positions at delisting?
A: All open positions settle automatically at the calculated price; no manual action needed.
Q2: Can I still borrow ZKJ after April 28?
A: No. Borrowing halts 48 hours before delisting.
Q3: Why are discount rates being reduced to zero?
A: It reflects ZKJ’s diminishing liquidity and aligns with risk management protocols.
OKX remains committed to delivering exceptional products and services.
OKX Team
April 28, 2025