To enhance user experience and project liquidity on OKX, we will delist WEMIX trading pairs based on the OKX Token Delisting Guideline and user feedback. Below are the key details:
1. Spot Trading
- Delisting Time: December 8, 2022, at 13:00 UTC
Actions:
- WEMIX spot trading pairs will be removed.
- All open orders will be canceled automatically.
👉 Learn more about OKX’s trading policies
2. Margin Trading & Flexible Loans
| Feature | Suspension Time (UTC) | Details |
|---|---|---|
| Cease Borrowing | December 8, 2022, 9:00 AM | Users can no longer borrow WEMIX/USDT. |
| Full Delisting | December 8, 2022, 10:00 AM | Margin trading halted; open orders canceled. |
Risk Note:
- Repay borrowings before delisting to avoid forced repayment.
- Isolated margin positions for WEMIX/USDT will no longer adjust; close positions to prevent liquidation.
3. Perpetual Contracts
- Delisting Time: December 8, 2022, at 9:00 AM UTC
- Delivery Method: Positions will settle at the arithmetic average price of OKX’s index 1 hour pre-delisting.
Post-Delisting Restrictions:
- Users with >$10,000 positions face 30-minute transfer locks.
Pro Tip: Reduce leverage or close positions early to mitigate volatility risks.
4. Savings
- Suspension: Automatic redemptions will transfer assets to funding accounts post-delisting.
FAQ Section
Q1: Why is OKX delisting WEMIX?
A: The decision aligns with OKX’s liquidity standards and user feedback to maintain a robust trading ecosystem.
Q2: What happens to my active WEMIX margin positions?
A: Repay loans before delisting. Unrepaid borrowings trigger forced repayment.
Q3: How are perpetual contract settlements calculated?
A: Based on OKX’s index price 1 hour pre-delisting. Abnormal prices may be adjusted manually.
Q4: Can I trade WEMIX after delisting?
A: No. All WEMIX pairs will be unavailable for trading.
For further assistance, contact OKX via Support Center or Telegram.
Last Updated: December 8, 2022 (UTC)