OKX has introduced plans to delist its GFT/USDT perpetual futures contract to extend market liquidity and enhance the buying and selling expertise of its customers.
OKX to Delisting GFT Margin Buying and selling Pair
The delisting course of will happen on December 3, 2024, at 11:00.
All GFT/USDT perpetual futures shall be terminated on the time of delisting and any current orders on the order e book shall be cancelled.
The platform will ship all open positions based on the arithmetic common worth of the OKX index recorded in the course of the hour earlier than delisting.
If abnormalities happen within the index worth throughout this era, OKX reserves the proper to regulate the supply worth to make sure equity.
On the delisting date, the funding charge at 11:00 shall be set to 0 and no funding charge shall be charged for that interval.
Buyers are suggested to handle their dangers by lowering leverage or closing positions prematurely to keep away from potential market volatility previous to delisting.
Merchants with positions over $10,000 in affected perpetual contracts on the time of supply will face restrictions on asset transfers for half-hour after delisting. Transfers will then resume regular buying and selling.
Customers can entry previous order and bill data even after being faraway from the listing. Knowledge backup is obtainable through the Report Middle on the OKX web site.
The delisting is a part of OKX’s broader technique to optimize buying and selling circumstances on its platform. Customers are suggested to shut their positions within the GFT/USDT perpetual contract previous to delisting to attenuate dangers and disruptions.
*This isn’t funding recommendation.
