Cryptocurrency Exchange OKX has announced that it will remove some permanent futures contracts from its platform to reduce market risk and provide users with a better trading experience.
OKX removes permanent contracts for Badger, BAL and Nil USDT
According to an official statement made by the company, as of 16:00 on July 25, 2025, the perpetual agreements for the next three USDT trading pairs will end.
- Badger/USDT
- bal/usdt
- nil/usdt
On that day, transactions for these contracts will be suspended, all pending orders will be cancelled, and the user’s open position will be abandoned based on the arithmetic average of OKX index prices over the past hour.
In the event of unusual fluctuations in index prices, the Platform reserves the right to adjust the final delivery price to a reasonable level depending on the market conditions.
OKX announced that it set its funding rate to zero (0) during its deletion, so users will not pay any funding or delivery fees for these transactions.
Additionally, users with positions above $10,000 will not be able to transfer assets from their accounts for 30 minutes during the deletion process. After this period, your account will be successfully used again.
Users will still have access to their order history and invoice records after the agreement is deleted. Users who want to back up these records are advised to download data in a timely manner from the Desktop Order Center.
OKX added that it will adjust risk control parameters and limit pricing rules to prevent market imbalances during these removals.
The platform said it will continue to carry out similar ratings and updates regularly to provide a safer and more efficient trading environment for users.
*This is not investment advice.
