OKX to Delist AI16Z Perpetual Futures Amid Liquidity Enhancements

Details of the Delisting

The delisting process will involve the termination of all trades related to the AI16ZUSDT perpetual future, and any outstanding orders will be canceled post-delisting. OKX has outlined that the delivery of these perpetual future positions will be executed at the arithmetic average price of the corresponding OKX index, calculated one hour before the delisting. Should anomalies arise in the index price during this period, OKX reserves the right to adjust the final delivery price to a more reasonable level.

The current funding rate applicable at 12:00 am UTC on the delisting day will be set at zero, ensuring that no funding fees are recorded for that period.

Risk Management and Trading Restrictions

OKX has advised its users to manage their risk exposure by reducing leverage or closing positions ahead of the delisting to mitigate any potential market volatility. Notably, for traders holding positions exceeding $10,000 in value at the time of delivery, asset transfers from the trading account will be restricted for the first 30 minutes following the delisting. Normal asset transfer capabilities will resume thereafter.

Despite the delisting, order history and billing records will remain accessible, and users have the option to back up their data through the OKX report center.

Adjustments to Risk Control Parameters

To facilitate the successful delivery of the AI16ZUSDT perpetual future, OKX is implementing adjustments to its risk control parameters. These adjustments include modifications to the price limit based on prevailing market conditions to address any deviations from the contract price.

This delisting decision underscores OKX’s commitment to maintaining a robust trading environment and ensuring optimal market conditions for its users. As the cryptocurrency market continues to evolve, such measures are crucial for sustaining liquidity and fostering a seamless trading experience.