OKX will Delisting five USDⓈ-M perpetual Futures Contract on June 12, 2025, leaving traders with less than 48 hours to close their positions before the system automatically settles them at the index's Medium price.
This exchange announced on June 10, 2025, that the XUSDT, BSVUSDT, GUNUSDT, BRUSDT, and SWELLUSDT contracts will cease trading at 08:00 UTC on June 12, 2025. This decision applies only to the named contracts and does not affect the entire USDⓈ-M Futures Contract group on OKX.
Which contracts are affected?
The list of tokens removed from trading includes XUSDT, BSVUSDT, GUNUSDT, BRUSDT, and SWELLUSDT. All will be Delisting simultaneously at 08:00 UTC on June 12, 2025.
OKX isn't the only one adjusting these contracts. BloFin also announced it will Delisting BRUSDT and XUSDT at 07:00 UTC on June 12, 2025, citing its own periodic Token review process.
Mechanism for closing positions while they are still open.
When the Delisting takes effect, all pending orders in the affected contract pairs will be canceled. If a trader has not closed their position before 08:00 UTC, the system will automatically deliver and settle the order.
The delivery price is calculated as the arithmetic Medium of the corresponding OKX index in the hour preceding the Delisting. OKX states that this method may be adjusted if the index experiences unusual volatility during that period.
OKX also resets the funding rate at the time of Delisting to zero. Therefore, the funding from the final phase will not appear in the user's payment records. If the value of the position being traded exceeds $10,000, the trading account will be limited to transferring assets out for 30 minutes.
What should traders be aware of before the June 12th deadline?
Those holding one of the five aforementioned contracts should proactively close or reduce their positions before 08:00 UTC on June 12, 2025. If they wait for the automatic settlement system, they will receive the Medium price of the index instead of the market price at the time they choose.
All outstanding limit and stop orders in the affected pairs will also be cleared when delisting occurs. For positions using stop orders for risk management, manually closing them before expiration remains the only way to avoid relying on the exchange's automated process.
Setting the funding rate to zero simplifies profit and loss calculations for the final period, but it also means no funding will be recorded for the remaining time. Arbitrage strategies across multiple exchanges using these contracts must also close before the closing date.
