OKX has announced a postponement of the delisting schedule for the WSM margin trading pair and perpetual futures. Below are the updated details:
1. Perpetual Futures Trading
The following WSM perpetual futures contract will be delisted:
| Futures Name | Delisting Time |
|---|---|
| WSMUSDT | 8:00–9:00 am UTC, Feb 22, 2024 |
👉 Learn more about OKX perpetual futures
2. Margin Trading
OKX will delist the specified margin trading pair as follows:
| Margin Trading Pair | Borrowing Suspension Time | Delisting Time |
|---|---|---|
| WSM/USDT | 6:00 am UTC, Feb 1, 2024 | 9:00 am UTC, Feb 22, 2024 |
Key Actions:
- Margin trading and flexible loans for WSM will be suspended at the times listed above.
- Open orders will be automatically canceled.
- Users with active borrowings or collateral must repay before delisting to avoid forced repayment.
- Processing may take ~1 hour per pair.
⚠️ Risk Notice: Prices may exhibit extreme volatility. Close positions early to mitigate forced repayment risks.
3. Discount Rate Adjustment
The discount rate for WSM holdings will be updated:
| Tier (USD) | Previous Discount Rate | New Discount Rate |
|---|---|---|
| 0–50,000 | 0.5% | 0% |
| > 50,000 | 0% | Unchanged |
FAQs
Q1: Why is OKX postponing the WSM delisting?
A: Specific reasons weren’t disclosed, but exchanges often adjust schedules to ensure smooth user transitions or market stability.
Q2: What happens if I don’t repay my WSM loan before delisting?
A: Unpaid borrowings will trigger forced repayment, potentially liquidating collateral at unfavorable rates.
Q3: Can I still trade WSM after delisting?
A: No—margin and perpetual futures trading will be permanently disabled for WSM after the specified times.
👉 Explore alternative trading options on OKX
Last Updated: February 5, 2024