OKX has announced a delay in the delisting schedule for the ZK margin trading pair and perpetual futures contracts. Below are the updated timelines and key details:
1. Perpetual Futures Trading
The following ZK perpetual futures contract will be delisted as per the revised schedule:
| Futures Name | Delisting Time |
|-------------|-------------------------|
| ZKUSDT | June 6, 2024, 8:00 AM UTC |
2. Margin Trading Adjustments
The ZK/USDT margin trading pair will undergo phased suspensions:
| Margin Trading Pair | Borrowing Feature Suspension | Delisting Window |
|---------------------|-----------------------------|---------------------------|
| ZK/USDT | May 31, 2024, 6:00 AM UTC | June 5, 2024, 6:00 AM – 2:00 PM UTC |
Important Actions for Users:
- Margin Trading & Flexible Loans: Suspended at the specified delisting times.
- Open Orders: Automatically canceled.
- Repayment Deadline: Users must repay borrowings before delisting to avoid forced liquidation (processing may take ~1 hour per pair).
👉 Learn how to manage margin positions securely
3. Discount Rate Adjustment for ZK
OKX has updated the discount rate structure for ZK holdings:
| Tier (USD) | Previous Discount Rate | Revised Discount Rate |
|------------------|-----------------------|-----------------------|
| 0 – 50,000 | 0.5% | 0% |
| > 50,000 | 0% | Unchanged |
Risk Advisory
- Volatility Warning: Prices may fluctuate sharply near delisting. Close positions early to mitigate risks.
- Forced Repayment: Unsettled borrowings will trigger automatic liquidation.
FAQs
Q: Why was the ZK delisting postponed?
A: OKX extended the timeline to allow users more flexibility in managing positions.
Q: What happens to active ZK margin trades after delisting?
A: Open orders will be canceled, and remaining borrowings face forced repayment.
Q: Are there fees for holding ZK after the discount rate change?
A: No, the updated 0% rate applies to all tiers below $50,000.
Q: Can I still trade ZK elsewhere on OKX?
A: This update affects only margin and futures; spot trading remains available unless announced otherwise.
👉 Explore OKX’s trading options
Last Updated: May 31, 2024
OKX Team