As part of its ongoing commitment to maintaining a secure, efficient, and user-focused trading environment, OKX has announced updates regarding the delisting of certain leveraged trading pairs and adjustments to asset discount rates. These strategic changes are designed to mitigate market risk, enhance platform stability, and ensure optimal trading conditions for all users.
This proactive approach reflects OKX's dedication to adapting to dynamic market conditions while prioritizing user protection and long-term platform sustainability.
Why Leveraged Pairs Are Being Delisted
To maintain high liquidity standards and reduce potential risks associated with low-volume assets, OKX regularly reviews its leveraged trading offerings. Pairs with insufficient trading activity or declining market demand may be scheduled for removal to streamline the trading experience.
The following leveraged pairs will be gradually phased out:
- AKITA-USDT
- CVC-BTC
- OMG-BTC
- EGLD-BTC
- CEL-USDC
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Key Timeline for Delisting
Each pair will undergo a two-step process: suspension of borrowing functionality followed by full delisting.
AKITA-USDT:
- Borrowing disabled: May 19, 2023, 2:00 PM (UTC+8)
- Full delisting: May 29, 2023, 3:00 PM (UTC+8)
CVC-BTC:
- Borrowing disabled: May 29, 2023, 5:00 PM (UTC+8)
OMG-BTC:
- Borrowing disabled: May 30, 2023, 2:00 PM (UTC+8)
EGLD-BTC:
- Borrowing disabled: May 30, 2023, 4:00 PM (UTC+8)
CEL-USDC:
- Borrowing disabled: May 30, 2023, 6:00 PM (UTC+8)
At each specified delisting time, OKX will:
- Suspend leveraged trading and flexible lending services for the affected pairs.
- Cancel all open orders in the relevant markets.
- Initiate forced repayment for any outstanding borrowings if not repaid manually.
Each delisting process is expected to take approximately one hour.
Important: Users who have borrowed or pledged assets in these pairs must repay their liabilities before the respective deadlines. Failure to do so will result in automatic liquidation by the system, which could lead to financial loss due to market volatility.
Understanding Asset Discount Rate Adjustments
In addition to delistings, OKX is adjusting the discount rate for specific cryptocurrencies within cross-margin and portfolio margin account models. This change impacts how digital assets are valued when used as collateral.
Updated Discount Rate: AKITA
| Tier (USD Value) | Previous Discount Rate | New Discount Rate |
|---|---|---|
| 0 – 50,000 | 50% | 0% |
| >50,000 | 0% | 0% |
Starting immediately, AKITA will no longer be eligible as margin collateral under cross-margin or portfolio margin systems due to its reduced market liquidity and increased volatility.
What Is an Asset Discount Rate?
An asset discount rate is a risk-mitigation mechanism applied to digital assets used as collateral in margin trading. Because different cryptocurrencies exhibit varying levels of liquidity and price stability, platforms apply a discount to their market value when calculating usable margin.
For example:
- A coin with a 50% discount rate means only half of its market value can be used as effective collateral.
- A 0% discount rate effectively removes that asset from being usable as margin support.
This ensures that only stable, liquid assets back leveraged positions, reducing systemic risk during periods of high volatility.
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How These Changes Affect You
If you're currently holding leveraged positions or using any of the affected tokens as collateral, it’s crucial to act proactively:
- Close or transfer open positions in the delisted pairs before the deadline.
- Repay borrowed funds manually to avoid forced liquidation.
- Review your collateral composition, especially if you hold AKITA or other low-liquidity tokens.
- Consider reallocating assets to more stable or supported coins to maintain margin health.
These measures are not punitive but protective—designed to help users avoid unexpected losses during volatile market swings.
Frequently Asked Questions (FAQ)
Q: Why is OKX removing certain leveraged pairs?
A: To maintain platform integrity and user safety, OKX periodically evaluates trading pairs based on liquidity, trading volume, and market stability. Low-performing pairs are delisted to reduce risk and improve overall trading efficiency.
Q: What happens if I don’t repay my loan before the delisting time?
A: If you fail to repay borrowed assets before the cutoff, the system will automatically trigger a forced repayment. This may occur at unfavorable market prices, potentially resulting in losses.
Q: Can I still trade these coins in spot markets after delisting from leveraged trading?
A: Yes. The delisting applies only to leveraged trading and flexible lending. Spot trading availability will be communicated separately if changes occur.
Q: Why was AKITA’s discount rate set to 0%?
A: Due to declining liquidity and increased price volatility, AKITA no longer meets the criteria for use as reliable collateral. Setting the discount rate to 0% prevents it from being used in margin accounts where stable backing is essential.
Q: Where can I find the full list of supported margin assets and their discount rates?
A: You can view the complete and updated asset discount rate schedule directly on OKX’s official resources.
Q: Will there be advance notice for future delistings?
A: Yes. OKX always provides clear timelines and notifications ahead of any major changes to trading pairs or margin policies.
Staying Ahead in a Dynamic Market
Cryptocurrency markets evolve rapidly. What may be a popular trading pair today could lose relevance tomorrow due to shifts in adoption, development activity, or macroeconomic factors. By continuously refining its product offerings, OKX empowers users with a safer, more resilient trading ecosystem.
These updates underscore the importance of staying informed and actively managing your portfolio. Regularly reviewing your positions, understanding margin requirements, and monitoring platform announcements can make a significant difference in preserving capital and maximizing opportunities.
👉 Stay ahead of market changes with real-time updates and advanced risk controls on OKX.
Final Thoughts
While changes like delistings and discount rate adjustments may require short-term action, they contribute to long-term platform reliability and user protection. OKX remains committed to delivering innovative tools, transparent policies, and a secure environment for traders at every level.
By aligning with best practices in risk management and liquidity oversight, OKX continues to set industry standards—ensuring users can trade with confidence in even the most volatile conditions.
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Stay alert, stay informed, and make strategic decisions that align with both market realities and your personal risk tolerance.