Cryptocurrency alternate OKX has introduced that it’ll take away three totally different perpetual futures contracts from its platform on June 27, 2025, in an effort to offer its customers with a safer and extra secure buying and selling expertise.
OKX to Shut Down Perpetual Futures Contracts on Three Crypto Property on June 27
This determination relies on causes akin to low liquidity and elevated market danger.
Futures Contracts to be Eliminated
The elimination will happen as of 16:00 on June 27, 2025 and can cowl the next contracts:
- SANDUSD Perpetual Futures Contract
- ALGOUSD Perpetual Futures Contract
- TONUSD Perpetual Futures Contract
Throughout the elimination course of:
- All open transactions can be closed robotically by the system.
- All open orders on the order board can be canceled.
- Contracts can be delivered utilizing the arithmetic common of OKX index costs within the final hour earlier than closing.
- If value manipulation is detected throughout this one-hour interval, OKX acknowledged that it could readjust the supply value to cheap ranges.
- No extra charges or funding prices can be charged on the time of supply.
Moreover, customers with open positions over 10,000 USDT on the time of supply won’t be able to switch property between accounts for half-hour. This restriction was launched to make sure that transactions are accomplished safely.
Suggestions and Further Info for Customers
- OKX warned customers with leveraged positions to shut positions or cut back leverage upfront.
- It was acknowledged that danger management ought to be carried out in opposition to such sudden value actions.
- All historic order and transaction information for the eliminated contracts will later be out there for obtain through the “Order Heart” on the desktop model.
OKX acknowledged that it could additionally change the restrict value guidelines in response to market situations. The corporate emphasised that it’ll proceed to make steady enhancements so as to present higher service to its customers.
*This isn’t funding recommendation.
