OKX, STARL and ANT margin trading pair delisting postponed
Leading cryptocurrency exchange OKX has announced the postponement of the delisting of its STARL and ANT margin trading pairs and perpetual futures. The announcement was made on May 23, 2024, and according to OKX’s official announcement, the details are as follows:
Acting content
The STARL/USDT and ANT/USDT pairs were scheduled to be delisted at 7:00 AM UTC on May 27, 2024 and 9:00 AM UTC on May 27, 2024, respectively. However, this delisting has now been postponed. The new delisting time will be announced at a later date.
OKX will cease margin trading and flexible lending at the delisting times listed above and all margin orders will be cancelled. Each cryptocurrency pair takes approximately 1 hour to freeze. In margin trading and flexible lending, users holding borrowings or collateral in the above cryptocurrency pairs must repay them before the delisting time.
OKX warns of the possibility of extreme price fluctuations during this period. To avoid losses due to forced repayments, the exchange recommends users to stop trading in the pairs listed above and close all underlying positions in advance.
Discount rate adjustment
In addition to delaying the delisting, OKX also announced discount rate adjustments for STARL and ANT cryptocurrencies. The discount rate for both STARL and ANT is reduced from 0.5 for tiers USD 0-50,000 and from 0 for tiers USD 50,000 and above to 0 for all tiers.
These changes reflect the dynamic nature of the cryptocurrency market and the need for exchanges to adapt their products and policies to current market conditions. OKX’s decision to postpone the delisting of these two cryptocurrency pairs is likely to be welcomed by traders and investors who have been trading these assets.
Image source: Shutterstock
. . .
tag