As part of its ongoing commitment to risk management and user protection, OKX will be delisting certain leveraged trading pairs and adjusting collateral policies to maintain a secure and stable trading environment. This update outlines upcoming changes to the BADGER/USDT and X/USDT leveraged pairs, including timelines for delisting, implications for active positions, and important adjustments to collateral discount rates.
These measures are designed to align with evolving market conditions, reduce systemic risk, and ensure long-term platform resilience—especially during periods of high volatility.
Upcoming Delisting of Leveraged Trading Pairs
To safeguard user assets and optimize platform performance, OKX will be phasing out support for the following leveraged trading pairs:
- BADGER/USDT
- X/USDT
This delisting applies specifically to leveraged trading and flexible savings borrowing services. Below are the key dates and actions users should be aware of:
Key Timeline for Delisting
- Borrowing Suspension:
Borrowing functionality for both BADGER and X against USDT will be disabled on June 2, 2025, at 3:00 PM (UTC+8). After this time, users will no longer be able to open new leveraged positions or borrow these assets. Full Delisting Window:
On June 5, 2025, between 2:00 PM and 6:00 PM (UTC+8), OKX will fully delist both trading pairs. During this 4-hour window:- All active leveraged orders will be canceled.
- Trading functionality for these pairs will be suspended.
- The delisting process for each pair is expected to take approximately two hours.
👉 Stay ahead of market changes—monitor your leveraged positions in real time.
Action Required: Repay Borrowed Assets Before Delisting
Users who have borrowed BADGER or X in leveraged or flexible savings accounts must repay all outstanding balances before the delisting window begins. If borrowed assets are not returned by the deadline, the system will initiate automatic repayment, which may result in unfavorable execution prices due to market volatility.
Important Risk Notice: Due to potential price fluctuations, users are strongly advised to close positions and repay loans proactively. Relying on system-triggered liquidation increases the risk of financial loss.
Understanding Collateral Discount Rate Adjustments
In addition to delisting specific trading pairs, OKX is adjusting the collateral discount rates for affected assets within cross-margin accounts. This change impacts how these tokens are valued when used as margin in leveraged positions.
What Is a Collateral Discount Rate?
In a cross-margin trading model, multiple cryptocurrencies can be combined and converted into USD value to serve as collateral. However, because digital assets vary widely in liquidity, volatility, and market depth, platforms apply a discount rate to reflect their true risk-adjusted value.
For example:
- If BADGER has a 70% discount rate, only 30% of its market value can be used as effective margin.
- As market conditions shift, OKX may adjust these rates to maintain platform stability.
Upcoming Discount Rate Changes
Due to reduced market activity and increased volatility surrounding the delisting process, OKX will gradually reduce the discount rates for BADGER and X to 0%. This means:
- These tokens will no longer contribute to margin calculations in cross-margin accounts.
- Users relying on BADGER or X as collateral may see an increase in their maintenance margin requirements.
- Failure to meet updated margin thresholds could trigger forced liquidation.
Recommended Risk Mitigation Strategies
To avoid unintended liquidations, users should consider the following actions:
- Reduce Exposure: Close or scale back leveraged positions that depend on these assets as collateral.
- Add Stable Collateral: Deposit more liquid assets like USDT or BTC to offset declining margin value.
- Monitor Margin Levels: Use real-time risk analytics tools to track changes in collateral efficiency.
👉 Access advanced margin tools to manage your risk exposure effectively.
Frequently Asked Questions (FAQ)
Q1: Why is OKX delisting these leveraged pairs?
OKX regularly reviews its product offerings to ensure they meet current market standards for liquidity, stability, and user safety. Delisting underperforming or high-risk pairs helps maintain platform integrity and protects traders from unexpected volatility during extreme market conditions.
Q2: What happens if I don’t repay my borrowed BADGER or X before the deadline?
If you fail to repay your loan by June 5, 2025, the system will automatically liquidate your holdings to settle the debt. This process may occur at suboptimal prices, potentially resulting in losses greater than expected. Always repay early to retain control over execution timing.
Q3: Can I still trade BADGER or X in spot markets after delisting?
Yes—this announcement only affects leveraged trading and borrowing services. Spot trading for these assets may continue unless separately announced. However, users should monitor official updates for any future changes.
Q4: How will the discount rate change affect my open positions?
As the discount rate drops toward zero, the margin value of BADGER and X will decline proportionally. This reduces your total available equity, increasing the likelihood of margin calls or liquidation if other risk factors are present (e.g., price drops or high leverage).
Q5: Is this delisting permanent?
Once delisted, these leveraged pairs will no longer be available unless reintroduced based on future market demand and risk assessments. Reintroduction is not guaranteed and depends on multiple factors including liquidity recovery and community interest.
Q6: Where can I find real-time updates about upcoming changes?
All official announcements are published through the OKX platform’s notification center and verified social channels. Users are encouraged to enable alerts within their account settings to stay informed about service adjustments.
Final Reminders and Best Practices
The crypto market remains inherently volatile, and structural changes like delistings or collateral adjustments can significantly impact trading outcomes. To protect your investments:
- Review open positions regularly, especially those involving assets flagged for delisting.
- Avoid holding borrowed assets until the last minute—early repayment reduces execution risk.
- Diversify collateral sources to minimize reliance on any single asset class.
- Use stop-losses and take-profit orders to automate risk management where possible.
Platforms like OKX continuously refine their risk frameworks to support sustainable trading ecosystems. By staying informed and proactive, users can navigate transitions smoothly and maintain control over their portfolios.
👉 Get real-time alerts and manage your leveraged trades efficiently on a trusted global platform.
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