The post OKX to Delist AGIX/USDT Margin Trading Pair and Perpetual Futures appeared on BitcoinEthereumNews.com.

OKX to Delist AGIX Margin Trading Pair and Perpetual Futures OKX, a leading cryptocurrency exchange, has announced the delisting of the AGIX/USDT margin trading pair and AGIXUSDT perpetual futures. This decision aligns with SingularityNET’s official migration requirements, according to OKX’s official statement. Details of the Delisting The delisting process will unfold in two stages: Perpetual Futures Trading: Pair: AGIXUSDT Delisting Time: June 28, 2024, from 8:00 to 9:00 am UTC Margin Trading Pair: Pair: AGIX/USDT Cease Borrowing Feature: June 26, 2024, at 8:00 am UTC Delisting Time: June 27, 2024, at 9:00 am UTC After the delisting, all relevant trades and orders in the order book will be canceled. The exchange will deliver all AGIXUSDT perpetual futures positions at the arithmetic average price of the corresponding OKX index, timed one hour before the delisting. Should the index price show abnormalities during this period, OKX reserves the right to adjust the final delivery price to a reasonable level. Risk Management and User Advisory OKX advises users to manage their risk levels by reducing actual leverage multiples or closing positions in advance, considering the potential for sharp market fluctuations before delisting. Additionally, those holding positions greater than $10,000 in value at the time of delivery will face a 30-minute restriction on transferring assets out of their trading accounts. Asset transfers will return to normal after this period. Furthermore, OKX has adjusted its risk control parameters, including price limit rules: 48 Hours Before Delivery: Highest price limit: 2%, Lowest price limit: 2%, Z: 5% 30 Minutes Before Delivery: Highest price limit: 1%, Lowest price limit: 1%, Z: 2% These adjustments aim to ensure the successful delivery of the perpetual futures during the delisting process. Margin Trading Adjustments For margin trading, OKX will suspend margin trading and flexible loan features at the specified delisting…

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Filed under: News - @ June 28, 2024 7:20 am