Cryptocurrency Trade OKX introduced on June 27, 2025 that it’s going to take away three completely different everlasting futures contracts from its platform.
Everlasting futures contracts shall be suspended on June twenty seventh with three crypto belongings OKX
This choice is predicated on causes comparable to low liquidity and elevated market threat.
Futures contracts to be deleted
The deletion will happen at 16:00 on June 27, 2025 and canopy the next contracts:
- SANDUSD Everlasting Futures Contract
- Algousd Perpetual Futures contract
- Tonusd Perpetual Futures contract
Throughout the removing course of:
- All open transactions are robotically closed by the system.
- All open orders from the Order Committee shall be cancelled.
- The contract is delivered utilizing the arithmetic common of OKX index costs within the final hour earlier than ending.
- If value manipulation is detected throughout this one hour interval, OKX mentioned it might readjust the delivery value to an inexpensive stage.
- No further or funding charges shall be charged upon supply.
Moreover, customers with open positions better than 10,000 USDT upon supply can’t switch belongings between accounts for half-hour. This restrict was launched to make sure that transactions are accomplished safely.
Person Suggestions and Extra Info
- OKX warned customers in leveraged positions to shut positions or cut back leverage prematurely.
- It was acknowledged that threat management must be applied for such sudden value actions.
- All historic orders and transaction information for deleted contracts could be downloaded later from the desktop model of the Order Heart.
OKX mentioned the restrict value guidelines may additionally change relying available on the market scenario. The corporate emphasised it’ll proceed to make steady enhancements to supply higher service to its customers.
*This isn’t funding recommendation.
