OKX, the crypto derivatives buying and selling platform, introduced that it’s going to take away LSKUSDT, LOOKSUSDT, and PIPPINUSDT futures contracts from buying and selling as of 4:00 PM on Friday, July 18, 2025, with a view to cut back market dangers and enhance person expertise.
OKX, LSK, LOOKS, PIPPIN to Shut Down USDT Futures Contracts on July 18
Contracts to be Eliminated:
- LSKUSDT
- LOOKSUSDT
- PIPPINUSDT
Element:
- Through the elimination course of, all orders on the related contracts will likely be canceled.
- Current positions will likely be topic to pressured supply on the arithmetic common of the OKX index value one hour earlier than the elimination time.
- If manipulation of the index value is detected, OKX might intervene to find out an inexpensive supply value.
- The funding charge on July 18th at 4:00 PM will likely be zero (0), so no funding charges will likely be charged or recorded throughout the related time interval.
- No additional charges or supply commissions will likely be charged to the person throughout the supply course of.
Threat Warning:
Since excessive volatility could also be skilled within the interval near the elimination of those contracts, customers are suggested to scale back their leverage ranges or shut their positions upfront.
Extra Info:
- On the time of supply, asset transfers within the accounts of customers with positions over 10,000 USDT will likely be restricted for half-hour, after which they are going to return to regular.
- Previous order and account statements for the eliminated contracts will stay accessible later. Customers who want to again up their information are suggested to obtain them promptly from their desktop order middle.
Technical Changes:
Through the contract elimination course of, restrict value guidelines will likely be dynamically up to date relying available on the market state of affairs, if vital.
OKX reiterated its dedication to offering safer, secure and high-quality companies to its customers.
*This isn’t funding recommendation.
