OKX, the crypto derivatives buying and selling platform, introduced that it’ll take away LSKUSDT, LOOKSUSDT, and PIPPINUSDT futures contracts from buying and selling as of 4:00 PM on Friday, July 18, 2025, in an effort to cut back market dangers and enhance consumer expertise.
OKX, LSK, LOOKS, PIPPIN to Shut Down USDT Futures Contracts on July 18
Contracts to be Eliminated:
- LSKUSDT
- LOOKSUSDT
- PIPPINUSDT
Element:
- In the course of the removing course of, all orders on the related contracts shall be canceled.
- Present positions shall be topic to pressured supply on the arithmetic common of the OKX index value one hour earlier than the removing time.
- If manipulation of the index value is detected, OKX could intervene to find out an inexpensive supply value.
- The funding fee on July 18th at 4:00 PM shall be zero (0), so no funding charges shall be charged or recorded in the course of the related time interval.
- No further charges or supply commissions shall be charged to the consumer in the course of the supply course of.
Threat Warning:
Since excessive volatility could also be skilled within the interval near the removing of those contracts, customers are suggested to cut back their leverage ranges or shut their positions prematurely.
Extra Info:
- On the time of supply, asset transfers within the accounts of customers with positions over 10,000 USDT shall be restricted for half-hour, after which they may return to regular.
- Previous order and account statements for the eliminated contracts will stay accessible later. Customers who want to again up their data are suggested to obtain them promptly from their desktop order heart.
Technical Changes:
In the course of the contract removing course of, restrict value guidelines shall be dynamically up to date relying available on the market scenario, if mandatory.
OKX reiterated its dedication to offering safer, secure and high-quality providers to its customers.
*This isn’t funding recommendation.
