OKX crypto-exchange will exclude futures with Filecoin and Chainlink
With such a measure, the platform thus plans to protect users from unforeseen risks
Crypto-exchange OKX announced the removal of futures contracts with Filecoin (FIL) and Chainlink (LINK): FILUSDT and LINKUSDT (including weekly, bi-weekly, quarterly and bi-quarterly contracts) at 10:00 a.m. MSK and 11:00 a.m. MSK on December 29, 2022, respectively.
OKX is a centralized crypto exchange founded in 2013 and registered in the Seychelles. It features more than 350 types of crypto-assets and 648 trading pairs. According to CoinGecko, the daily trading volume in the last 24 hours was $392 million.
The platform said in a statement that the liquidity of FILUSDT and LINKUSDT has deteriorated in light of recent market conditions. And to avoid unforeseen market risks and improve service for users, OKX will exclude these futures contracts.
The exchange warned users that the market could fluctuate sharply before excluding the futures and advised them to pay attention to risks, reduce leverage multiples or close positions in advance. It also published information about rule adjustments it had made to ensure the successful execution of existing futures contracts.
At the same time, OKX is launching margin trading and deposits in cryptocurrency TON starting December 28. Perpetual marginless swaps in a pair to TON/USDT will become available simultaneously at 10:00 . Margin leverage: from 0.01x to 20x.
Starting December 21, spot trading in the cryptocurrency exchange Binance BNB (BNB) has also opened on the OKH platform. The coin is traded on the platform in pairs to the stablecoins USDT and USDC.