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OKX, the crypto derivatives trading platform, announced that it will remove LSKUSDT, LOOKSUSDT, and PIPPINUSDT futures contracts from trading as of 4:00 PM on Friday, July 18, 2025, in order to reduce market risks and improve user experience.
OKX, LSK, LOOKS, PIPPIN to Shut Down USDT Futures Contracts on July 18
Contracts to be Removed:
- LSKUSDT
- LOOKSUSDT
- PIPPINUSDT
Detail:
- During the removal process, all orders on the relevant contracts will be canceled.
- Existing positions will be subject to forced delivery at the arithmetic average of the OKX index price one hour before the removal time.
- If manipulation of the index price is detected, OKX may intervene to determine a reasonable delivery price.
- The funding rate on July 18th at 4:00 PM will be zero (0), so no funding fees will be charged or recorded during the relevant time period.
- No extra fees or delivery commissions will be charged to the user during the delivery process.
Risk Warning:
Since high volatility may be experienced in the period close to the removal of these contracts, users are advised to reduce their leverage levels or close their positions in advance.
Additional Information:
- At the time of delivery, asset transfers in the accounts of users with positions over 10,000 USDT will be limited for 30 minutes, after which they will return to normal.
- Past order and account statements for the removed contracts will remain accessible later. Users who wish to back up their records are advised to download them promptly from their desktop order center.
Technical Adjustments:
During the contract removal process, limit price rules will be dynamically updated depending on the market situation, if necessary.
OKX reiterated its commitment to providing more secure, stable and high-quality services to its users.
*This is not investment advice.
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