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OKX announces postponement of delisting of STARL and ANT margin trading pairs
OKX postpones delisting of margin trading pair STARL and ANT
OKX, a leading cryptocurrency exchange, has announced the postponement of the delisting of the STARL and ANT margin trading pair and perpetual futures. The announcement was made on May 23, 2024 and the details are as follows, according to a OKX official announcement.
Referral details
The removal of the STARL/USDT and ANT/USDT pairs was initially scheduled for 7:00 UTC on May 27, 2024 and 9:00 UTC on May 27, 2024 respectively. However, these deletions have now been postponed. The new delisting timing will be communicated later.
OKX will suspend margin trading and flexible lending within the delisting times listed above and all open margin orders will be cancelled. Each cryptocurrency pair will take approximately 1 hour to suspend. Users with loans or collateral of the aforementioned crypto pair in margin trading and flexible lending should make sure to repay before the delisting times.
OKX warns of the potential for extreme price fluctuations during this period. To avoid losses caused by forced redemption, the exchange recommends users to stop trading the pairs listed above and close all underlying positions early.
Adjustments to discount rates
In addition to the postponement of the delisting, OKX also announced discount rate adjustments for the STARL and ANT cryptocurrencies. The discount rate for both STARL and ANT will be reduced from 0.5 for the USD 0-50,000 tier and 0 for the USD >50,000 tier to 0 for all tiers.
These changes reflect the dynamic nature of the cryptocurrency market and the need for exchanges to adapt their offerings and policies to current market conditions. OKX’s decision to postpone the deletion of these two cryptocurrency pairs will likely be welcomed by traders and investors dealing with these assets.
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