OKX Announces Postponement of STARL and ANT Margin Trading Pair Delisting
Rebeca Moen May 23, 2024 06:02
Crypto exchange OKX has decided to postpone the delisting of STARL and ANT margin trading pairs and perpetual futures.
OKX Postpones Delisting of STARL and ANT Margin Trading Pair
OKX, a leading cryptocurrency exchange, has announced the postponement of the delisting of the STARL and ANT margin trading pair and perpetual futures. The announcement was made on May 23, 2024, and the details are as follows, according to an official OKX announcement.
Details of the Postponement
The STARL/USDT and ANT/USDT pairs were initially scheduled for delisting at 7:00 am UTC on May 27, 2024, and 9:00 am UTC on May 27, 2024, respectively. However, these delistings have now been postponed. The new delisting times will be announced at a later date.
OKX will suspend margin trading and flexible loan at the delisting times listed above, and all open orders for margin will be canceled. Each crypto pair will take around 1 hour to suspend. Users with borrowings or collateral of the above crypto pair in margin trading and flexible loan should make sure to repay before the delisting times.
OKX warns of the potential for extreme price fluctuations during this period. To avoid losses caused by forced repayment, the exchange recommends that users stop trading the pairs listed above and close all underlying positions in advance.
Adjustments to Discount Rates
In addition to the postponement of the delisting, OKX has also announced adjustments to the discount rates for the STARL and ANT cryptocurrencies. The discount rate for both STARL and ANT will be reduced from 0.5 for tier USD 0-50,000 and 0 for tier USD >50,000 to 0 for all tiers.
These changes reflect the dynamic nature of the cryptocurrency market and the need for exchanges to adapt their offerings and policies to suit the current market conditions. OKX's decision to postpone the delisting of these two crypto pairs will likely be welcomed by traders and investors who have been dealing with these assets.
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