To mitigate market risks and enhance user trading experience, OKX periodically reviews and delists select perpetual contracts and leveraged trading pairs. This announcement covers the delisting of BONEUSDT and RACAUSDT pairs. Below are the key timelines and procedures:
Perpetual Contracts Delisting Schedule
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| BONEUSDT | March 11, 2025, 4:00 PM |
| RACAUSDT | March 11, 2025, 4:00 PM |
Key Actions During Delisting:
- Trading Halt: All open orders will be canceled automatically.
- Settlement Price: Calculated as the arithmetic mean of the OKX Index price during the hour preceding delisting.
- Funding Rate: Set to 0 for the final interval; no fees incurred during settlement.
Post-Delisting:
- Users with positions > $10,000 USD equivalent will face a 30-minute transfer freeze.
- Historical order data remains accessible for download via desktop.
👉 Learn more about perpetual contracts
Leveraged Trading & Flexible Loans
| Trading Pair | Borrowing Halt Time (UTC+8) | Delisting Window (UTC+8) |
|---|---|---|
| BONE/USDT | March 4, 2025, 3:00 PM | March 10, 2025, 2:00–4:00 PM |
| RACA/USDT | March 4, 2025, 3:00 PM | March 10, 2025, 2:00–4:00 PM |
Critical Notes:
- System Repayment: Unrepaid loans trigger automatic repayment at delisting.
- Risk Advisory: Volatility may lead to losses; manually close positions early.
Collateral Discount Rate Adjustments
Pre-Adjustment Rates
BONE:
| Tier | Max Collateral | Discount Rate |
|---|---|---|
| 1 | 3,500 | 0.80 |
| 2 | 5,800 | 0.78 |
| 3 | 10,000 | 0.77 |
RACA:
| Tier | Max Collateral | Discount Rate |
|---|---|---|
| 1 | 10,000,000 | 0.80 |
| 2 | 18,000,000 | 0.78 |
| 3 | 28,000,000 | 0.77 |
New Policy
- Discount rates will gradually decay to 0 during delisting.
- Users must monitor margin requirements to avoid liquidation.
FAQ Section
Q1: Can I trade BONEUSDT after March 11?
No. All open positions will be settled automatically at delisting.
Q2: How is the settlement price determined?
It’s based on the OKX Index average 1 hour before delisting.
Q3: Will I incur fees during settlement?
No funding fees or additional charges apply.
Q4: What happens if I don’t repay a leveraged loan?
The system will forcibly repay using available funds.
Q5: How long are historical records kept?
Indefinitely, but users should back up data proactively.
OKX remains committed to delivering secure, innovative trading solutions. For further assistance, visit our Help Center.