OKX Bitcoin Exchange Announces Delisting of Altcoin from Margin Trading

OKX has announced plans to delist its GFT/USDT perpetual futures contract to increase market liquidity and improve the trading experience of its users.
OKX to Delisting GFT Margin Trading Pair
The delisting process will take place on December 3, 2024, at 11:00.
All GFT/USDT perpetual futures will be terminated at the time of delisting and any existing orders on the order book will be cancelled.
The platform will deliver all open positions according to the arithmetic average price of the OKX index recorded during the hour before delisting.
If abnormalities occur in the index price during this period, OKX reserves the right to adjust the delivery price to ensure fairness.
On the delisting date, the funding rate at 11:00 will be set to 0 and no funding fee will be charged for that period.
Investors are advised to manage their risks by reducing leverage or closing positions in advance to avoid potential market volatility prior to delisting.
Traders with positions over $10,000 in affected perpetual contracts at the time of delivery will face restrictions on asset transfers for 30 minutes after delisting. Transfers will then resume normal trading.
Users can access past order and invoice records even after being removed from the list. Data backup is available via the Report Center on the OKX website.
The delisting is part of OKX’s broader strategy to optimize trading conditions on its platform. Users are advised to close their positions in the GFT/USDT perpetual contract prior to delisting to minimize risks and disruptions.
*This is not investment advice.