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OKX Announces Delisting of Several Perpetual Futures to Enhance Market Liquidity

In a move to mitigate market risks, OKX will delist BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts on July 25, 2025, at 4:00 PM UTC+8, affecting all open orders.

USDT

Summary

OKX will officially delist the perpetual contracts for BADGER/USDT, BAL/USDT, and NIL/USDT on July 25, 2025, at 4:00 PM (UTC+8). All open orders will be canceled, and positions will be settled based on the index average price one hour prior to the delisting. Traders are advised to manage risks due to potential market fluctuations before this date.

Terms & Concepts
  • Perpetual Futures: A type of futures contract that does not have an expiration date, allowing traders to hold positions indefinitely as long as they meet margin requirements.
  • Funding Rate: The fee paid by one side of a perpetual futures contract to the other, typically calculated based on the interest rate differential between the underlying asset and the quote currency.
  • Risk Control Parameters: Guidelines and measures implemented by exchanges to manage and mitigate financial risks in trading activities.