As part of its ongoing commitment to risk management and user protection, OKX has announced updates regarding the delisting of select margin trading pairs and adjustments to collateral discount rates. These strategic changes are designed to enhance platform stability, reduce exposure to low-liquidity assets, and ensure a safer, more efficient trading environment for all users.
This article provides a comprehensive overview of the upcoming changes, explains their implications, and offers actionable guidance for traders navigating these updates.
Upcoming Margin Trading Pair Delistings
To maintain a high standard of market quality and minimize systemic risks, OKX will be phasing out several underperforming margin trading pairs. These pairs have been identified based on sustained low trading volume, limited market depth, and insufficient liquidity—factors that can increase volatility and hinder fair price discovery.
The following margin pairs will be systematically removed from the platform according to the schedule below:
KAR-USDT
- Borrowing Suspension: January 16, 2025, 14:00 HKT
- Full Delisting: January 16, 2025, 14:00 HKT
VSYS-USDT / VSYS-BTC
- Borrowing Suspension: January 16, 2025, 16:00 HKT
- Full Delisting: January 16, 2025, 16:00 HKT
WNCG-USDT
- Borrowing Suspension: January 16, 2025, 18:00 HKT
- Full Delisting: January 16, 2025, 18:00 HKT
HC-USDT / HC-BTC
- Borrowing Suspension: January 17, 2025, 14:00 HKT
- Full Delisting: January 17, 2025, 14:00 HKT
LAMB-USDT
- Borrowing Suspension: January 17, 2025, 16:00 HKT
- Full Delisting: January 17, 2025, 16:00 HKT
NAS-USDT / NAS-BTC
- Borrowing Suspension: January 17, 2025, 18:00 HKT
- Full Delisting: January 17, 2025, 18:00 HKT
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At the specified delisting times:
- Margin trading for these pairs will be suspended.
- All open orders in the affected markets will be automatically canceled.
- Flexible savings and borrowing services for the listed tokens will be terminated.
Users with active borrowings or collateral positions involving these assets must take immediate action to avoid forced liquidation.
Critical Actions for Affected Users
If you currently hold any open margin positions or have borrowed assets from the affected pairs, it is essential to act before the deadlines.
Steps to Take:
- Repay Borrowed Assets: Ensure all borrowed funds are repaid prior to the borrowing suspension time.
- Close Open Positions: Manually close any leveraged positions to avoid being subject to system-triggered liquidation.
- Withdraw or Reallocate Collateral: Consider transferring your holdings to spot wallets or reallocating them to supported margin pairs.
Failure to repay borrowed assets by the cutoff time will result in automatic forced repayment by the system. This process may occur at unfavorable market prices during volatile conditions, potentially leading to unexpected losses.
Risk Advisory: Market volatility can amplify losses during forced liquidations. OKX strongly recommends proactive position management to maintain control over exit prices and protect capital.
Understanding Collateral Discount Rate Adjustments
In parallel with the delisting plan, OKX is adjusting the collateral discount rates for several digital assets. This change impacts how these tokens are valued when used as collateral in cross-margin accounts.
Updated Discount Rates
| Asset | Previous Tier (USD Value) | Previous Discount Rate | New Tier (USD Value) | New Discount Rate |
|---|---|---|---|---|
| KAR, VSYS, WNCG, HC, LAMB, NAS | 0–50,000 | 50% | Any amount | 0% |
| >50,000 | 0% |
As shown above, the discount rate for KAR, VSYS, WNCG, HC, LAMB, and NAS has been reduced to 0% across all tiers. This means these assets will no longer contribute value toward margin requirements when used as collateral in cross-margin mode.
What Is a Collateral Discount Rate?
In a cross-margin account, users can use multiple cryptocurrencies as combined collateral to support leveraged positions. However, not all assets carry equal reliability in terms of liquidity and price stability.
To mitigate risk, OKX applies a discount rate—also known as a haircut—to each asset’s market value when calculating its effective contribution to your margin balance.
For example:
- A token with a 50% discount rate contributes only half its market value as usable equity.
- A token with a 0% discount rate provides no margin utility—it cannot be used to back leveraged trades.
This mechanism protects both users and the platform from sudden price swings or illiquidity events that could trigger cascading liquidations.
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Why Are These Changes Important?
These updates reflect OKX’s proactive approach to risk governance and market health monitoring. By removing low-liquidity pairs and adjusting collateral valuations, the platform enhances overall resilience and aligns with best practices in digital asset finance.
Benefits Include:
- Reduced Systemic Risk: Eliminating weak links in the margin ecosystem prevents contagion during downturns.
- Improved User Safety: Traders are less exposed to slippage and failed executions in thin markets.
- Transparent Risk Management: Clear communication and advance notice empower users to make informed decisions.
- Stronger Platform Integrity: Ensures only viable, liquid assets support leveraged activities.
Such measures are common among leading exchanges and signal a maturing crypto market where sustainability trumps speculation.
Frequently Asked Questions (FAQ)
Q1: What happens if I don’t repay my borrowed assets before delisting?
If you fail to repay borrowed funds by the suspension time, OKX’s system will initiate a forced repayment. This may involve selling your collateral at prevailing market prices, which could result in losses—especially during periods of high volatility.
Q2: Can I still trade these tokens in spot markets after delisting?
Yes. The delisting applies only to margin trading and borrowing services. Spot trading for these tokens may continue if supported. Always check the latest trading rules on the OKX platform.
Q3: Why was the discount rate set to 0% for certain tokens?
A zero discount rate indicates that these assets are currently considered too illiquid or volatile to serve as reliable collateral. This adjustment helps prevent over-leveraging and maintains margin account stability.
Q4: Will these tokens ever be reinstated for margin trading?
Reintroduction depends on improved liquidity, market demand, and risk profile assessments. OKX regularly reviews asset eligibility and may relist pairs if conditions improve.
Q5: How can I stay updated on future changes?
Monitor official OKX announcements via the platform’s notification center or blog. Subscribing to email alerts ensures you receive timely updates about trading adjustments and new features.
Q6: Are other tokens likely to face similar changes?
Yes. OKX conducts periodic evaluations of all listed assets. Tokens showing declining liquidity or increased risk may undergo similar reviews. Proactive monitoring is key for active margin traders.
Final Thoughts
OKX’s decision to delist specific margin pairs and adjust collateral valuations underscores its commitment to responsible innovation. While such changes may require short-term adjustments from users, they ultimately foster a more secure and sustainable trading environment.
For traders leveraging digital assets, staying informed about platform policies—and acting promptly—is crucial. Regularly reviewing your positions, understanding collateral rules, and managing exposure can make the difference between success and unexpected losses.
👉 Stay ahead of market changes with OKX’s real-time risk analytics and comprehensive trading toolkit.