Cryptocurrency exchange OKX announced that it will remove the UXLINKUSDT pair from its futures trading platform in order to maintain market stability and reduce potential risks.
OKX Removes UXLINKUSDT Perpetual Contract
According to the statement made by the company, the contract in question will be closed at 22:00 on September 23, 2025.
The exchange warned that price volatility could increase in the lead-up to the contract’s removal. Users were advised to reduce leverage or close positions in advance to mitigate risk.
It was also stated that if price deviations occur near the closing of the contract, limit price rules may be updated according to market conditions.
OKX announced that no additional fees will be charged to users during the termination of the contract, and funding fees will only be calculated based on the rates at the time of closing.
When the trade closes, all open orders will be canceled and positions will be liquidated based on the arithmetic average of the OKX index during the one-hour period preceding the close. If any unusual manipulation of the index price is detected, the exchange will make the necessary adjustments and determine a fair liquidation price.
Additionally, users with positions exceeding $10,000 at the time of liquidation will have their asset transfers restricted for 30 minutes. After this period, transfers will be reactivated.
After the contract is removed, users will still be able to access their past order and transaction records. OKX emphasized that this process will be carried out meticulously to protect investor rights and ensure a more secure trading environment on the platform.
*This is not investment advice.
