As part of its ongoing commitment to risk management and user protection, OKX has announced the upcoming delisting of several leveraged trading pairs. This strategic move aims to enhance platform stability, reduce exposure to volatile assets, and ensure a safer, more streamlined trading experience for all users. The changes will affect both leveraged trading and flexible lending services for specific cryptocurrency pairs.
This article provides a comprehensive breakdown of the delisting schedule, explains key implications for active traders and lenders, and outlines essential steps users should take to protect their positions. We’ll also explore the broader context behind such platform decisions and how they align with responsible digital asset management practices.
Upcoming Leverage Pair Delistings: Key Dates and Details
OKX will be discontinuing support for multiple leveraged trading pairs in mid-June 2025. Below is a detailed summary of the affected pairs and timelines:
BSV/USDT, BSV/BTC, LUNC/USDT, BAND/USDT
- Stop Borrowing Function: June 6, 2025, at 5:30 PM (UTC+8)
- Official Delisting Window: June 11, 2025, between 2:00 PM and 6:00 PM (UTC+8)
CELR/USDT, MOVR/USDT, SWEAT/USDT
- Stop Borrowing Function: June 6, 2025, at 5:30 PM (UTC+8)
- Official Delisting Window: June 12, 2025, between 2:00 PM and 6:00 PM (UTC+8)
During the delisting window—approximately two hours per pair—OKX will suspend leveraged trading and flexible lending for these assets. All open market orders will be automatically canceled by the system.
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Users who have borrowed any of the above-listed cryptocurrencies must repay their debts before the respective delisting times. Failure to do so will trigger an automatic forced repayment by the system. Given potential price volatility during this period, users are strongly advised to close positions proactively to avoid unexpected losses.
What Happens After a Pair Is Delisted?
Once a leveraged trading pair is removed from the platform, several operational changes take effect:
- No New Positions: Users can no longer open new leveraged trades involving the delisted pair.
- Order Book Closure: All pending orders are canceled, and the order book is deactivated.
- Borrowing Suspension: The ability to borrow the underlying asset for leverage purposes is permanently disabled.
- Lending Impact: Flexible lending services for the affected coins will also cease, meaning users cannot earn interest on these assets through OKX’s lending program.
It's important to note that delisting from leveraged trading does not necessarily mean the coin is being removed from OKX entirely. Spot trading may still be available depending on market conditions and platform policy.
Understanding Collateral Discount Rate Adjustments
In addition to pair delistings, OKX is adjusting collateral discount rates for certain assets as part of its cross-margin account framework.
What Is a Collateral Discount Rate?
In a cross-margin account, multiple cryptocurrencies can be used collectively as collateral. However, due to differences in liquidity, volatility, and market depth, each asset is assigned a discount rate when converted into USD value for margin purposes.
For example:
- A highly liquid coin like BTC might have a discount rate of 5%, meaning $100 worth of BTC counts as $95 in usable margin.
- A less stable or lower-volume coin may carry a higher discount—sometimes up to 50% or more—to reflect increased risk.
Why Are Rates Being Adjusted?
OKX is gradually reducing the discount rates of certain assets to 0% during the wind-down phase of their leveraged support. This effectively means these coins will no longer contribute meaningful value as collateral in cross-margin accounts.
Implication for Traders: As the effective collateral value decreases, your position’s maintenance margin ratio may increase. This raises the risk of liquidation if your equity falls below required thresholds.
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To avoid forced liquidations:
- Monitor your margin levels closely.
- Consider closing high-risk positions early.
- Reduce leverage or add more stablecoins/BTC/ETH as primary collateral.
- Withdraw borrowed funds before the deadline.
Why Do Exchanges Delist Leverage Pairs?
Exchange platforms like OKX regularly review their product offerings based on multiple criteria:
- Low Trading Volume: Pairs with minimal activity increase operational overhead without contributing significantly to liquidity.
- High Volatility: Some tokens exhibit extreme price swings, increasing systemic risk for both users and the platform.
- Market Relevance: Projects that fail to maintain development momentum or community interest may lose eligibility.
- Regulatory Compliance: Ensuring alignment with evolving global standards is a top priority.
Delisting is not always a negative signal—it often reflects a platform’s proactive stance on risk mitigation and long-term sustainability.
Frequently Asked Questions (FAQ)
Q: Does delisting mean I can no longer trade these coins at all?
A: No. Delisting applies only to leveraged trading and flexible lending. Spot trading may still be available unless otherwise announced.
Q: What happens if I don’t repay my borrowed assets before the deadline?
A: The system will automatically initiate a forced repayment. This could result in unfavorable execution prices, especially during volatile markets, potentially leading to losses.
Q: Can I still use these coins as collateral after the discount rate drops to zero?
A: Technically yes, but their contribution to your total collateral value will be negligible. It's better to rely on major assets like USDT, BTC, or ETH for stable margin coverage.
Q: Will I lose access to my funds during the delisting window?
A: Your funds remain safe. However, trading and borrowing functions will be temporarily suspended during the maintenance window.
Q: How will I be notified about future delistings?
A: OKX typically sends email alerts and publishes official announcements on its website and app at least several days in advance.
Q: Are there alternatives to these delisted pairs?
A: Yes. Many of these projects may still be tradable via spot markets or on other platforms. Additionally, OKX frequently lists new, innovative assets with stronger fundamentals.
Final Reminders for OKX Users
To navigate this transition smoothly:
- Review your current leveraged positions and lending activities.
- Repay any borrowed assets before June 11–12, 2025.
- Adjust your portfolio strategy to account for reduced collateral efficiency.
- Stay informed through official OKX channels for updates.
The cryptocurrency market evolves rapidly, and platforms must adapt accordingly. By maintaining strict risk controls and transparent communication, OKX continues to prioritize user safety and long-term platform integrity.
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Core Keywords:
- leverage trading delisting
- OKX collateral discount rate
- forced repayment crypto
- cross-margin account rules
- crypto lending suspension
- BSV/USDT delisting
- SWEAT/USDT leverage removal
- MOVR/USDT borrowing end
By understanding these updates and acting proactively, traders can minimize risks and maintain control over their investment strategies in dynamic market conditions.