CandleFocus

Bitcoin Exchange OKX Announces That It Has Delisted This Altcoin From Margin Trading!

Author: Content Editor
OKX, a crypto exchange, has announced its plan to delist the GFT/USDT perpetual futures contract in order to improve market liquidity and enhance the trading experience for its users. The delisting will occur on December 3, 2024, at 11:00. All existing GFT/USDT perpetual futures will be terminated and any open orders on the order book will be cancelled. OKX will settle all open positions based on the arithmetic average price of the OKX index recorded in the hour before delisting, with the possibility of adjusting the delivery price in case of abnormal index price fluctuations. On the delisting date, the funding rate will be set to 0, and no funding fee will be charged. Traders are advised to manage their risks by reducing leverage or closing positions before delisting to avoid potential market volatility. Those with positions exceeding $10,000 will face transfer restrictions for 30 minutes after delisting. Users will still have access to past order and invoice records, and data backup is available through the OKX website's Report Center. This delisting is part of OKX's strategy to optimize trading conditions on its platform.

Related News