OKX to Postpone Delisting of WSM Margin Trading Pair and Perpetual Futures

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The cryptocurrency trading landscape is constantly evolving, and exchanges must adapt to maintain market efficiency and user security. In response to recent developments, OKX has announced a postponement in the delisting schedule for the WSM/USDT margin trading pair and WSMUSDT perpetual futures. This strategic delay allows users additional time to manage their positions and adjust to upcoming changes without facing unexpected liquidations or forced repayments.

This article provides a clear, up-to-date breakdown of the revised timeline, explains the implications for traders, and outlines key actions users should take to protect their assets.

Updated Delisting Schedule for WSM Derivatives

Originally set for an earlier removal, the delisting of WSM-related trading products has been rescheduled to ensure a smoother transition for all users.

Perpetual Futures Trading

The WSMUSDT perpetual futures contract will now be delisted during the following window:

During this one-hour period, trading will be suspended, and all open positions will be automatically closed. Traders are strongly advised to manually close their positions before this window to avoid potential slippage or unfavorable exit prices due to market volatility.

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Margin Trading Adjustments

The WSM/USDT margin trading pair is also affected by the updated delisting plan. Key milestones include:

The entire delisting process for each product will take approximately one hour. Users with active loans or collateral tied to WSM/USDT must repay their debts and withdraw collateral prior to the final delisting time.

Failure to act may result in forced repayment, which could lead to financial loss, especially if the asset price fluctuates significantly during the closure window.

Why Is OKX Delisting WSM Trading Pairs?

While OKX does not always disclose specific reasons for delistings, common factors include:

Delisting helps preserve platform integrity and protects users from engaging with high-risk or underperforming assets. By postponing the original timeline, OKX demonstrates its commitment to user protection and fair market practices.

Changes to Fee Discounts for WSM Holders

In conjunction with the delisting update, OKX has revised its fee discount structure for WSM holders. The new policy eliminates previous tiered benefits:

CryptoPrevious Tier (USD)Previous Discount RateNew Tier (USD)New Discount Rate
WSM0–50,0000.5%00%
>50,0000%

As of the announcement date, all fee discounts associated with WSM holdings have been removed. Users who previously benefited from reduced trading fees based on WSM balances will now pay standard rates.

This change reflects the reduced role of WSM within the OKX ecosystem and aligns with broader adjustments related to the asset’s delisting.

Action Steps for Users

To avoid losses or automatic liquidations, users should take the following steps immediately:

  1. Close All Open Positions
    Manually exit any open perpetual or margin positions in WSMUSDT before February 22, 2024.
  2. Repay Outstanding Loans
    If you've borrowed WSM or USDT via margin or flexible loans, repay the full amount before the delisting time.
  3. Withdraw Collateral
    Remove any WSM or USDT used as collateral in margin accounts to prevent unintended freezes or liquidations.
  4. Monitor Account Notifications
    Keep an eye on official OKX emails and in-app alerts for last-minute updates.
  5. Consider Alternative Trading Pairs
    Explore other supported cryptocurrencies with strong liquidity and active markets.

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Frequently Asked Questions (FAQ)

Q: Why was the delisting of WSM postponed?
A: While OKX hasn't provided an official reason, delays like this are typically implemented to give users more time to close positions safely and reduce the risk of systemic issues during the delisting process.

Q: What happens if I don’t close my WSMUSDT position before delisting?
A: All open perpetual futures positions will be automatically closed during the 8:00–9:00 AM UTC window on February 22, 2024. This forced closure may occur at unfavorable prices, especially during volatile market conditions.

Q: Can I still trade WSM after February 22, 2024?
A: No. After the delisting time, both the WSMUSDT perpetual futures and WSM/USDT margin trading pair will no longer be available on OKX.

Q: Will I lose my funds if I have WSM in my spot wallet?
A: No. The delisting only affects derivative and margin products. You can still hold or withdraw WSM from your spot account unless further announcements are made.

Q: Are other exchanges also removing WSM?
A: That depends on individual exchange policies. Some platforms may continue listing WSM if trading volume and compliance standards are met. Always check with your respective exchange.

Q: Is WSM being completely removed from OKX forever?
A: Currently, only margin and futures products are being delisted. The possibility of future relisting depends on market conditions and project performance.

Final Thoughts

The postponement of the WSM delisting offers a critical window for traders to reassess their exposure and act proactively. While changes like these can create short-term uncertainty, they ultimately contribute to a safer, more sustainable trading environment.

Cryptocurrency markets demand vigilance. Staying informed about platform updates, managing risk effectively, and acting early can make all the difference in preserving capital and optimizing returns.

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