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Bitget to Delist LOKAUSDT for Futures Trading on July 22, 2025

Bitget will close the LOKA/USDT trading pair and suspend margin trading functions, advising users to manage their positions accordingly before the deadline.

USDT

Summary

Bitget will remove the LOKA/USDT trading pair from its platform on July 25, 2025, at 03:00 (UTC). The exchange will close and liquidate all positions in this pair, cancel pending orders, and transfer assets to users' spot accounts. Users are urged to close positions and manage their accounts to mitigate potential losses. The announcement emphasizes the risks associated with cryptocurrency trading and margin trading.

Terms & Concepts
  • Margin Trading: A trading method that allows investors to borrow funds to increase their investment size, amplifying potential returns and risks.
  • Liquidation: The process of closing a trader's position when their margin falls below the required level, often resulting in the sale of assets to cover losses.
  • Spot Account: A type of trading account where assets are bought and sold for immediate delivery.