The cryptocurrency trading landscape is constantly evolving, and platform adjustments are inevitable as markets shift and digital assets mature. Recently, OKX announced a strategic delay in the delisting of ZK-related trading products—a move that provides traders with additional time to manage their positions and adapt to upcoming changes. This update affects both ZK perpetual futures and ZK/USDT margin trading, offering critical breathing room for active participants in these markets.
This article provides a comprehensive overview of the revised delisting schedule, explains the implications for traders, outlines key risk management steps, and explores how users can navigate this transition smoothly.
Updated Delisting Schedule for ZK Products
In response to market feedback and operational considerations, OKX has decided to postpone the removal of specific ZK trading instruments. While the original plan involved immediate delisting, the updated timeline allows for a more orderly wind-down process.
Perpetual Futures Trading
Perpetual futures contracts offer leveraged exposure without expiry dates, making them popular among short- and long-term traders. The revised delisting schedule for ZKUSDT perpetual futures is now confirmed as:
- Futures Name: ZKUSDT
- New Delisting Time: June 6, 2024, at 8:00 AM UTC
After this time, trading will be suspended, open positions will be automatically closed, and the contract will no longer be available on the platform.
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Margin Trading Adjustments
Margin trading enables users to borrow funds to increase their trading power. For the ZK/USDT pair, two critical milestones have been set:
- Cease Borrowing Feature: May 31, 2024, at 6:00 AM UTC
- Full Delisting Window: June 5, 2024, between 6:00 AM and 2:00 PM UTC
During the delisting window, OKX will gradually suspend margin trading and flexible loan services for ZK/USDT. Each phase may take approximately one hour to complete. Users are strongly advised to monitor their accounts closely during this period.
Critical Actions for Traders
If you currently hold open positions or borrowed assets in ZK-related products, prompt action is essential to avoid penalties or unexpected liquidations.
Repay Borrowings Before Deadline
All outstanding loans in ZK or USDT under margin or flexible lending must be repaid before the delisting window begins. Failure to do so will trigger a forced repayment mechanism, where OKX automatically liquidates collateral to settle debts.
To prevent losses:
- Check your borrowing balance via the [Assets] > [Loans] section.
- Ensure sufficient funds are available for full repayment.
- Avoid last-minute transactions that may fail due to network delays.
Close Open Positions Proactively
Market volatility often spikes around delisting events. Prices of affected tokens—like ZK—can experience sharp swings due to reduced liquidity and increased sell pressure. To minimize risk:
- Exit long or short positions before June 5.
- Use limit orders instead of market orders to control execution price.
- Monitor funding rates and open interest trends in the final days.
Discount Rate Adjustment for ZK
Alongside the delisting postponement, OKX has updated the collateral discount rate for ZK—a key parameter used in margin calculations that determines how much value is attributed to an asset when used as collateral.
| Crypto | Tier (USD) | Previous Discount Rate | New Discount Rate |
|---|---|---|---|
| ZK | 0 – 50,000 | 0.5 | 0 |
| ZK | >50,000 | 0 | 0 |
As shown above, the discount rate has been reduced to 0% across all tiers, meaning ZK will no longer provide any collateral value in margin accounts. This change further underscores the platform's move toward phasing out support for the token in leveraged products.
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Why This Delisting Postponement Matters
While delistings are routine in crypto exchanges, delays signal responsiveness to user needs and market stability concerns. By extending deadlines, OKX helps ensure:
- Orderly market exit without sudden price shocks.
- Improved user experience, allowing time for position adjustments.
- Reduced systemic risk, minimizing cascading liquidations.
Such decisions reflect a balance between maintaining a high-quality asset list and respecting user preparedness.
Frequently Asked Questions (FAQ)
Why is OKX delisting ZK perpetual futures and margin pairs?
OKX regularly reviews its listed assets based on liquidity, trading volume, compliance, and project development. Assets that no longer meet listing criteria may be delisted to maintain platform integrity and user safety.
Can I still trade ZK after June 6?
Yes—but only in spot markets (if supported). Perpetual futures and margin trading will no longer be available after the delisting dates. Always check the official announcements page for real-time updates.
What happens if I don’t close my position before delisting?
Unsettled positions will be automatically closed by the system at market price during the delisting process. This could result in unfavorable execution prices due to low liquidity.
Will ZK be completely removed from OKX?
Currently, only leveraged products (perpetuals and margin) are being delisted. Spot trading may continue depending on future evaluations. Users should prepare for potential full delisting in the long term.
How does a 0% discount rate affect my account?
With a 0% discount rate, ZK cannot be used as collateral for borrowing or opening new margin positions. Existing collateral will lose valuation impact immediately.
Where can I find official updates about delistings?
All verified announcements are published in the OKX Help Center. Avoid relying on third-party sources or social media rumors.
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Final Thoughts
The postponement of ZK margin and futures delisting offers a valuable window for traders to act responsibly and protect their capital. While changes in listing status are part of the maturing crypto ecosystem, staying informed and proactive remains the best defense against unexpected losses.
By understanding the revised timeline, adjusting strategies accordingly, and utilizing platform tools effectively, users can navigate this transition with confidence.
As always, prioritize risk management, stay alert to official communications, and make data-driven decisions—especially during periods of market transition.
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