In a latest announcement, OKX revealed plans to delist RNDR margin buying and selling pairs and perpetual futures. This strategic transfer goals to reinforce market liquidity and optimize the general person expertise, in keeping with OKX.
Particulars of the Delisting
The perpetual futures buying and selling pair RNDR/USDT will probably be delisted on July 9, 2024, between 8:00 and 9:00 am UTC. As a part of this course of, OKX will terminate all associated trades and cancel any open orders within the order guide. The change plans to ship all affected perpetual futures positions on the arithmetic common worth of the OKX index one hour earlier than the delisting.
If the index worth reveals abnormalities throughout the hour previous the delisting, OKX reserves the fitting to regulate the ultimate supply worth to a extra affordable stage. Moreover, the funding fee at 8:00 am UTC on the day of delisting will probably be set to zero, that means no funding charges will probably be included within the billing report for that interval.
Danger Administration and Person Advisories
OKX advises customers to handle their threat ranges by lowering leverage multiples or closing positions upfront, given the potential for market fluctuations earlier than the delisting. For these holding positions better than $10,000 in worth on the time of supply, asset transfers out of their buying and selling accounts will probably be restricted for half-hour post-delisting. After this era, regular switch operations will resume, and order historical past and billing data will stay accessible.
Changes to Danger Management Parameters
To make sure a easy supply of the delisted perpetual futures, OKX will alter its threat management parameters. The worth restrict guidelines will probably be modified as follows:
| Time | X | Y | Z |
|---|---|---|---|
| 48 hours earlier than supply | 2% | 2% | 5% |
| half-hour earlier than supply | 1% | 1% | 2% |
These changes will assist mitigate dangers and stabilize costs in the course of the delisting course of.
Margin Buying and selling Changes
The margin buying and selling pair RNDR/USDT will stop its borrowing function on July 1, 2024, at 8:00 am UTC, adopted by a full delisting on July 8, 2024, between 8:00 and 9:00 am UTC. OKX will droop margin buying and selling and versatile loans on the specified occasions, canceling all open orders. Customers with excellent borrowings or collateral in these pairs should repay earlier than the delisting time to keep away from pressured compensation.
OKX additionally recommends customers shut all underlying positions upfront to keep away from losses from potential worth fluctuations.
Low cost Charge Changes
In multi-currency cross margin mode, OKX will alter the low cost charges for RNDR. Beforehand, the low cost fee was set at 0.5 for tiers as much as $50,000 and 0 for greater tiers. Submit-adjustment, the low cost charges will probably be zero for all tiers.
For extra detailed info, go to the official announcement on OKX.
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