To enhance user experience and optimize liquidity, OKX will delist WEMIX trading pairs based on the OKX Token Delisting/Hiding Guideline and user feedback. Below are the detailed timelines and procedures:
Spot Trading Suspension
OKX will halt all WEMIX spot trading pairs at 13:00 UTC on December 8, 2022. All pending orders will be automatically canceled.
Margin Trading & Flexible Loan Adjustments
| Action | Timeline (UTC) | Details |
|---|---|---|
| Cease borrowing for WEMIX/USDT | December 8, 9:00 AM | Users can no longer borrow WEMIX/USDT. |
| Delisting of WEMIX/USDT | December 8, 10:00 AM | Margin trading suspends; open orders canceled. |
Critical Notes:
- Repay borrowings or collateral before delisting to avoid forced repayment.
- Isolated margin positions for WEMIX/USDT will no longer accept adjustments—close positions promptly to prevent liquidation risks.
- Extreme price volatility is expected; cease trading early to mitigate losses.
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Perpetual Contracts Delisting
OKX will delist WEMIXUSDT perpetual swaps at 9:00 AM UTC on December 8, 2022:
- Trading halts; order book cleared.
- Positions delivered at the average index price 1 hour pre-delisting.
- Index price abnormalities may prompt manual adjustments.
Risk Control Updates (Pre-Delisting):
| Time (UTC) | Price Limit (X/Y/Z) | Discount Rate Adjustment (WEMIX) |
|---|---|---|
| 4:00 AM Dec 8 | 2%/2%/5% | Tiered discounts reset to 0%. |
| 8:30 AM Dec 8 | 1%/1%/2% |
Post-Delisting Restrictions:
- Accounts with >$10,000 in WEMIX/USDT positions face 30-minute transfer locks.
WEMIX Savings Suspension
- Subscriptions close once borrowing ceases.
- Assets auto-redeemed to funding accounts post-margin delisting.
FAQs
Q: Why is OKX delisting WEMIX?
A: To maintain platform liquidity and user experience based on compliance and feedback.
Q: What happens to my active WEMIX margin positions?
A: Close them before delisting; unpaid borrowings trigger forced repayment.
Q: Can I trade WEMIX after the delisting?
A: No—all trading pairs and related services will be suspended.
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Last Updated: December 8, 2022 (UTC)