In a strategic move to enhance market liquidity and optimize user experience, OKX has announced the delisting of several margin trading pairs and perpetual futures contracts involving DMAIL, VENOM, and REN. This decision reflects the platform’s ongoing commitment to maintaining a healthy trading environment by streamlining underperforming assets and improving risk management across its financial products.
This article provides a comprehensive overview of the upcoming changes, including key timelines, risk control adjustments, and steps users should take to protect their positions and assets.
Perpetual Futures Delisting Schedule
Starting August 29, 2024, at 8:00 am UTC, OKX will officially delist the following perpetual futures pairs:
- DMAILUSDT
- VENOMUSDT
- RENUSDT
All open orders for these contracts will be automatically canceled upon delisting. Traders are strongly advised to close or adjust their positions before this deadline to avoid unexpected exposure during the final settlement phase.
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Final Settlement Process
To ensure a fair and transparent delivery process, OKX will calculate the final settlement price for all outstanding positions based on the arithmetic average of the corresponding OKX index from 7:00 am to 8:00 am UTC on the delisting day.
In cases where index data shows abnormal behavior during this window, OKX reserves the right to adjust the final delivery price to a reasonable level to prevent manipulation and ensure equitable outcomes for all users.
Additionally, the funding rate at 8:00 am UTC will be set to 0%, meaning no funding fees will be charged or credited during the final billing cycle.
Post-Delisting Asset Restrictions
For risk mitigation purposes, users who hold positions valued at over $10,000 USD at the time of delivery will face temporary restrictions:
- 30-minute withdrawal freeze: Asset transfers from trading accounts will be suspended for 30 minutes after delisting.
- Full withdrawal functionality resumes automatically after this period.
- Order history and billing records remain accessible post-delisting via the Report Center on the OKX website for data backup and audit purposes.
Margin Trading Phase-Out Plan
The removal of these assets from margin services will occur in two stages: cessation of borrowing followed by full delisting.
| Margin Trading Pair | Borrowing Ceased | Delisting Window |
|---|---|---|
| DMAIL/USDT | August 21, 2024, 6:00 am UTC | August 27, 6:00–7:00 am UTC |
| VENOM/USDT | August 21, 2024, 6:00 am UTC | August 27, 8:00–9:00 am UTC |
| REN/USDT | August 21, 2024, 6:00 am UTC | August 27, 10:00–11:00 am UTC |
During the delisting window (approximately one hour per pair), OKX will:
- Suspend all margin trading and flexible loan functions.
- Cancel any open margin orders.
- Trigger forced repayments for outstanding loans not settled by the deadline.
Users holding collateral or active loans in these assets must repay debts and withdraw funds before the specified times to avoid liquidation risks.
⚠️ Important: Market volatility often spikes ahead of delistings. To minimize potential losses from forced repayment due to price swings, OKX recommends closing all related positions early.
Adjustments to Price Limit Rules
To maintain orderly trading and prevent extreme price deviations prior to delisting, OKX has updated its risk control parameters for price limits.
Standard Price Limit Calculation
Price limits are dynamically calculated based on the index price and historical premiums:
Within first 10 minutes of contract listing:
- Upper Limit: Index × (1 + X)
- Lower Limit: Index × (1 – X)
After 10 minutes:
- Upper Limit: Min[Max(Index, Index × (1 + Y) + Avg Premium), Index × (1 + Z)]
- Lower Limit: Max[Min(Index, Index × (1 – Y) + Avg Premium), Index × (1 – Z)]
Temporary Adjustments Before Delivery
| Time Before Delivery | X | Y | Z |
|---|---|---|---|
| 48 hours | 2% | 2% | 5% |
| 30 minutes | 1% | 1% | 2% |
These tighter thresholds help reduce volatility as contracts approach termination. OKX may further adjust limits if significant market deviations occur.
Changes to Margin Discount Rates
As part of broader risk management reforms, OKX is revising the discount rates applied to DMAIL, VENOM, and REN in multi-currency cross margin accounts.
Previously, these assets had tiered discount structures:
- Up to $50,000: 0.5x discount rate
- Above $50,000: No discount
Under the new policy, both tiers are eliminated:
| Asset | New Tier (USD) | Discount Rate |
|---|---|---|
| DMAIL, VENOM, REN | All amounts | 0 |
This means these tokens will no longer contribute usable margin value in cross-margin accounts, increasing the importance of proactive portfolio rebalancing.
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Frequently Asked Questions (FAQ)
Q1: Why is OKX delisting these trading pairs?
OKX regularly reviews its asset offerings to ensure high liquidity, strong market demand, and optimal user experience. Assets that no longer meet these criteria may be delisted to maintain platform integrity and reduce systemic risk.
Q2: What happens if I don’t close my position before delisting?
Unsettled perpetual futures positions will be automatically closed using the average index price between 7:00–8:00 am UTC. Any open margin loans will trigger forced repayment, potentially resulting in liquidation and loss of collateral.
Q3: Can I still view my trade history after delisting?
Yes. All order history, settlement records, and billing details remain available in your account dashboard. You can export this data through the Report Center on OKX’s website.
Q4: Will I be charged fees during the final funding period?
No. The funding rate is set to 0% at 8:00 am UTC on delisting day, so no funding fees will be applied in the final cycle.
Q5: How do discount rate changes affect my margin account?
With the discount rate now set to zero, DMAIL, VENOM, and REN holdings will no longer count toward your margin balance in cross-mode accounts. This reduces your effective leverage—review your positions accordingly.
Q6: Is there a chance the delisting schedule could change?
While current dates are final, OKX reserves the right to make adjustments under exceptional market conditions. Users are encouraged to monitor official announcements for real-time updates.
Key Takeaways for Traders
Delistings are not uncommon in evolving crypto markets, but they require prompt action. Here's what you should do now:
- Close or hedge open perpetual and margin positions before deadlines.
- Repay all loans in DMAIL, VENOM, and REN before August 27.
- Withdraw collateral to avoid forced liquidation.
- Back up trading data before contracts expire.
- Monitor account health closely in the final hours.
By acting early, traders can avoid unnecessary risks associated with reduced liquidity and automated system interventions.
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The delisting of DMAIL, VENOM, and REN pairs underscores OKX’s proactive approach to platform optimization. While change can create short-term uncertainty, it ultimately supports a safer, more efficient trading ecosystem for all users.
Staying informed and prepared is the best strategy. Use this transition as an opportunity to reassess your portfolio’s alignment with current market dynamics and platform policies.