To enhance user experience and optimize platform liquidity, OKX will delist all TORN cryptocurrency trading pairs based on the OKX Token Delisting/Hiding Guidelines and community feedback. Below are the complete details and timelines for this process.
Product-Specific Delisting Schedule
1. Spot Trading Termination
- Delisting Time: September 27, 2022, 10:00 AM UTC
Actions:
- All TORN spot trading pairs will be removed
- Open orders will be automatically canceled
2. Margin Trading Wind-Down
- Borrowing Halt: September 21, 2022, 9:00 AM UTC
Final Trading Cutoff: September 27, 2022, 2:00 AM UTC
- All margin trades for TORN pairs will cease
- Outstanding orders will be canceled
Forced Repayment:
- Triggered at 2:00 AM UTC on September 27
- Users with TORN loans must repay before this deadline
👉 Risk Advisory: Due to potential extreme price volatility, we recommend closing TORN positions early to avoid liquidation losses.
3. Perpetual Contracts Removal
- Delisting Time: September 26, 2022, 8:00 AM UTC
Settlement Process:
- Positions will be delivered at the 1-hour pre-delisting OKX index average price
- Abnormal pricing may result in manual price adjustments
Key Notes:
- Final funding rate set to 0%
- Asset transfers restricted for 30 minutes post-delisting for accounts with >$10,000 positions
- Historical data remains queryable via Report Center
Risk Parameter Adjustments (Perpetual Contracts)
| Time Period | X | Y | Z |
|---|---|---|---|
| 48 hrs pre-delisting (Sep 24, 8AM UTC) | 2% | 2% | 5% |
| 30 mins pre-delisting (Sep 26, 7:30AM UTC) | 1% | 1% | 2% |
4. Savings Product Closure
- Automatic redemptions will process after margin trading discontinuation
- Funds will be transferred to users' funding accounts
FAQs
Q: Why is OKX delisting TORN?
A: This decision aligns with our liquidity standards and community feedback to maintain a healthy trading environment.
Q: Can I withdraw TORN after delisting?
A: Yes, withdrawals remain available unless otherwise announced.
Q: How are perpetual contract settlements calculated?
A: Positions settle based on the 1-hour arithmetic average of the OKX index price before delisting.
Q: Where can I get support?
A: Contact us via the OKX Official Telegram or Support Center.
👉 For the latest updates on supported assets, visit OKX's official platform. Remember to always practice risk management when trading volatile markets.