OKX to Delist ZERO, FLR, ZEUS, and GPT Perpetual Futures

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Global cryptocurrency exchange OKX has announced the upcoming delisting of several perpetual futures trading pairs as part of its ongoing efforts to enhance market liquidity and improve the overall user trading experience. Traders are advised to take necessary actions before the specified delisting time to avoid potential losses due to forced liquidations or unfavorable settlement prices.

This move reflects OKX’s strategic commitment to maintaining a high-quality trading environment by removing underperforming or low-liquidity assets from its derivatives markets. Below is a detailed breakdown of the affected trading pairs, delisting timeline, settlement procedures, and risk management recommendations.

Affected Perpetual Futures Pairs and Delisting Schedule

The following USDT-margined perpetual futures contracts will be delisted simultaneously on October 15, 2024, between 5:00 PM and 6:00 PM Korea Standard Time (KST):

All open positions in these markets will be automatically settled one hour prior to the official delisting time. The final settlement price will be based on the arithmetic average of the OKX index price during that one-hour window.

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Orders placed for these pairs will be canceled after delisting, and no further trading will be supported. Users holding open positions should consider closing them early to maintain control over exit prices and reduce exposure to volatility.

Settlement Process and Risk Considerations

To ensure fair treatment for all traders, OKX will use the average index price over the final hour before delisting as the benchmark for position settlement. However, if abnormal price movements or market manipulation are detected during this period, the platform reserves the right to adjust the final settlement price to a more reasonable level based on market conditions.

Notably, the funding rate at 5:00 PM KST on October 15 will be set to zero, meaning no funding payments will be charged or credited during the last funding cycle. This prevents unfair cost imbalances during the wind-down phase.

Given the increased volatility typically observed ahead of such events, traders are strongly encouraged to:

Failure to act may result in unexpected losses, especially in highly leveraged positions.

Why Does OKX Delist Perpetual Futures?

Exchanges like OKX periodically review their listed products to ensure they meet performance, liquidity, and security standards. Delisting decisions are typically driven by several key factors:

By streamlining its offerings, OKX aims to focus on high-demand, sustainable assets that provide better value and stability for its global user base.

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What Should Traders Do Now?

If you currently hold any of the affected perpetual contracts, here are actionable steps to protect your capital:

  1. Review Your Portfolio: Identify any open positions in ZERO, FLR, ZEUS, or GPT futures.
  2. Exit Strategically: Close positions before October 15 at 4:00 PM KST to avoid last-minute volatility.
  3. Withdraw or Reallocate: Consider transferring funds to other active trading pairs or withdrawing assets to a personal wallet.
  4. Stay Informed: Follow official OKX announcements for potential updates or extensions.

Additionally, traders should update their alert systems and calendar reminders to track the exact delisting window.

Frequently Asked Questions (FAQ)

Q: What happens to my open position after delisting?
A: All open positions in the affected pairs will be settled one hour before delisting using the average index price. You will not be able to close manually after this point.

Q: Will I lose my funds if I don’t close my position?
A: No, your funds won’t disappear, but your position will be forcibly closed at the settlement price. This could result in a loss if the price is unfavorable.

Q: Can I still trade these coins on OKX after delisting?
A: The perpetual futures will no longer be available. However, spot trading may still be supported depending on each asset’s individual listing status.

Q: Why was GPT delisted when there are multiple tokens with that symbol?
A: This refers specifically to the GPT/USDT perpetual futures pair on OKX. Traders should confirm ticker symbols carefully to avoid confusion with similarly named projects.

Q: Is there a chance the delisting will be postponed?
A: While rare, exchanges may delay delistings under exceptional circumstances. Always monitor official OKX channels for last-minute updates.

Q: How does this affect staking or holding the underlying tokens?
A: Delisting only affects derivatives trading. Holding or staking the actual coins (e.g., FLR, ZERO) in wallets or other platforms remains unaffected.

Market Context and Broader Implications

The delisting of these four perpetual futures coincides with broader shifts in the crypto derivatives landscape. As institutional interest grows, exchanges are under increasing pressure to maintain clean, transparent markets free from speculative noise.

For example:

While delisting doesn’t reflect directly on a project’s long-term viability, it does signal reduced short-term demand in leveraged trading markets.

Final Thoughts

OKX’s decision to delist ZERO/USDT, FLR/USDT, ZEUS/USDT, and GPT/USDT perpetual futures underscores the importance of adaptability in crypto trading. Markets evolve rapidly, and staying informed is crucial for risk management and sustained success.

Traders should view this not as a setback but as an opportunity to reassess strategies, diversify into more liquid assets, and prepare for future launches of higher-potential instruments.

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By proactively managing positions and staying aligned with exchange policies, users can navigate delistings smoothly and continue building resilient portfolios in the dynamic world of digital assets.