Dear OKX Users,
Due to poor market liquidity in SOLUSD futures contracts, OKX will delist all SOLUSD futures contracts (including weekly, bi-weekly, quarterly, and bi-quarterly) on November 10, 2022 at 15:00 (HKT) to mitigate market risks and improve trading experience. No new expiration dates will be generated for SOLUSD options.
Contract Delisting Process
- Trading Halt: All trading will cease at delisting time
- Order Cancellation: All pending orders will be canceled automatically
- Settlement Price: Determined by the arithmetic average of the contract's last traded price during the final hour before delisting
- Position Settlement: All open positions will be settled at this price
👉 Learn more about futures contract settlements
Important Notes:
- If price manipulation occurs in the final hour, OKX reserves the right to adjust the settlement price
- Users holding positions worth over $10,000 will face 30-minute transfer restrictions post-settlement
- Historical order records will remain available for download via desktop platform
Risk Management Advisory
We strongly recommend users:
- Reduce leverage exposure before delisting
- Consider early position closure
- Monitor for potential market volatility
In case of liquidation losses:
- Risk reserve funds will cover losses primarily
- Remaining losses will trigger automatic deleveraging (starting from most profitable accounts)
👉 Understanding OKX's risk management system
Parameter Adjustments Before Delisting
1. Price Limit Rules
| Time Period | X (Initial) | Y (Ongoing) | Z (Maximum) |
|---|---|---|---|
| 48 hours pre-delist | 2% | 2% | 5% |
| 30 minutes pre-delist | 1% | 1% | 2% |
Note: Formula adjusts dynamically based on market conditions
2. Tier Adjustment Changes
| Tier | Previous Max Contracts | New Max Contracts | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|---|
| 1 | 100 | 1 | 1% | 1.3% | 75x |
| 2 | 250 | 3 | 1.5% | 2% | 50x |
| 3 | 1,000 | 5 | 2% | 5% | 20x |
| 4 | 2,000 | 7 | 2.5% | 5.5% | 18.18x |
| 5 | 3,000 | 9 | 3% | 6% | 16.66x |
| 6+ | +1,000 per tier | +500 per tier | +0.5% per tier | +0.5% per tier | Tier-based |
Effective: November 10 at 00:30 (HKT)
Frequently Asked Questions
Q: Why is OKX delisting SOLUSD futures?
A: The decision stems from low market liquidity and risk management considerations to protect user interests.
Q: Can I still trade SOLUSD options?
A: Existing options will continue until expiration, but no new expiration dates will be created.
Q: How does the settlement price calculation work?
A: It's the arithmetic average of the last traded price during the final hour before delisting.
Q: What happens if I don't close my position before delisting?
A: Your position will be automatically settled at the calculated settlement price.
Q: Are there any account restrictions post-delisting?
A: Only users with positions valued over $10,000 will face temporary transfer restrictions for 30 minutes.
OKX remains committed to delivering exceptional products and services to our valued users.
OKX Team