The world of digital assets is fast-moving, and staying informed about exchange updates, token migrations, and platform improvements is essential for every crypto participant. In this comprehensive overview, we’ll walk through key announcements and operational changes made by OKX during January 2025—updates designed to enhance security, optimize liquidity, and improve user experience across trading, staking, and asset management services.
Whether you're a seasoned trader or new to the crypto ecosystem, understanding these developments helps you navigate the market with confidence and clarity.
Upcoming Derivatives Market Adjustments for DOT, ADA, and BCH
To maintain a healthy trading environment and mitigate risks associated with low liquidity, OKX announced the planned delisting of certain delivery contracts for Polkadot (DOT), Cardano (ADA), and Bitcoin Cash (BCH). These adjustments apply to all contract types—weekly, bi-weekly, quarterly, and next-quarterly.
👉 Stay ahead of market changes and manage your derivatives portfolio effectively.
The affected contracts will be taken offline on February 2, 2025, at 16:00 HKT. At that time:
- Trading for these contracts will cease.
- All open orders will be automatically canceled.
- Users are strongly advised to close or roll over their positions before the deadline to avoid potential losses.
This proactive measure reflects OKX’s commitment to risk management and ensures that only sufficiently liquid products remain available for trading—supporting fair price discovery and stable execution.
Why Liquidity Matters in Derivatives Trading
Low liquidity can lead to slippage, wider bid-ask spreads, and increased volatility. By removing underperforming contracts, OKX enhances overall market integrity and user trust.
Enhancing Asset Quality: Project Monitoring and Delisting Framework
OKX continues to enforce its robust Token Delisting Rules to uphold a secure and transparent trading environment. As part of routine monitoring conducted by the platform’s risk control team, several projects were reviewed based on:
- Market performance and trading volume trends.
- Community feedback and user complaints.
- Project development progress and transparency.
Projects found to meet delisting criteria—such as prolonged inactivity, lack of updates, or violation of listing standards—may be hidden or fully removed from trading pairs. This ongoing evaluation process ensures that only high-quality, active digital assets remain accessible on the platform.
Such practices not only protect investors but also promote long-term sustainability within the blockchain ecosystem.
System Upgrade: Dual-Currency Earnings Platform Enhancement
On January 18, 2025, OKX temporarily suspended its Dual-Currency Earnings (DCE) product for a scheduled system upgrade. The maintenance window began at 09:00 HKT and lasted up to four hours.
During this period:
- New subscriptions were paused.
- Existing holdings continued to accrue returns as normal.
- No withdrawals or redemptions were disrupted.
The upgrade aimed to improve backend performance, increase product stability, and lay the groundwork for future features—including enhanced yield options and broader asset support.
Users were notified in advance, with the possibility of early resumption if work was completed ahead of schedule. Regular system enhancements like this underscore OKX’s focus on reliability and innovation in its financial products suite.
Blockchain Network Upgrades: Polygon Hard Fork Support
On January 17, 2025, Polygon (MATIC) executed a planned hard fork at block height 38,189,056, estimated to occur around 18:00 HKT. To ensure network compatibility and asset safety:
OKX paused MATIC deposits and withdrawals starting at 17:00 HKT on the same day. Normal operations resumed once node synchronization was confirmed post-fork.
Importantly:
- No action was required from users.
- All MATIC balances were automatically compatible with the upgraded chain.
- Trading remained unaffected throughout the event.
Hard forks are routine in blockchain evolution, often introducing performance upgrades or new features. OKX’s proactive handling minimizes disruption while safeguarding user funds.
Token Migration: ORB Transition from Klaytn to Polygon
A significant update involved the migration of Orbital (ORB) tokens from the Klaytn network to Polygon. This strategic shift aims to improve scalability, reduce transaction costs, and access a broader decentralized application (dApp) ecosystem.
Key details:
- ORB-Klaytn was replaced entirely by ORB-Polygon.
- After migration, only ORB-Polygon deposits are supported.
- Users attempting to deposit ORB-Klaytn risk permanent loss of funds.
👉 Discover how token migrations impact your portfolio and what steps to take next.
OKX reminded users to verify withdrawal networks carefully when using external wallets. Always select "Polygon" or "ERC-20" when sending ORB to OKX to ensure successful crediting.
This change aligns with industry trends toward Ethereum-layer 2 solutions like Polygon, which offer faster settlements and lower fees compared to older networks.
GTO to GFT Token Swap Execution
In accordance with the official project roadmap, Gifto (GTO) underwent a 1:1 conversion into Gift (GFT). OKX fully supported this transition with the following measures:
- A snapshot of user balances was taken across both funding and trading accounts.
- All eligible GTO holdings were converted to GFT automatically.
- The new GFT token will be listed for trading and withdrawals upon official announcement.
While GTO ceased being an active trading asset post-swap, users retained full value through the exchange process. This type of token upgrade often accompanies rebranding efforts or technical overhauls within a project’s infrastructure.
As always, OKX emphasized caution: digital assets carry inherent risks, and users should conduct due diligence before participating in any swap or investment.
DeFi Product Update: OpenDAO SOS Staking Completion
The OpenDAO DeFi staking program, which allowed users to earn rewards by locking SOS tokens, concluded on January 5, 2025, when final reward distributions were completed.
Accordingly:
- OKX discontinued its SOS staking service on January 8, 2025, at 14:00 HKT.
- All staked SOS assets were returned to users’ main accounts.
- No further yield opportunities are available through this product.
Users were encouraged to reallocate their unlocked assets into other earning strategies available on the platform—such as flexible savings, fixed-term staking, or liquidity pools.
How to Convert Cryptocurrency to USDT and Withdraw as Fiat
For users looking to realize gains or rebalance portfolios, OKX provides a straightforward path from crypto to fiat currency:
Step 1: Sell Crypto for USDT
- Go to the [Trade] page.
- Use the search bar to find a USDT trading pair (e.g., DOT/USDT).
- Click Sell, choose your order type (limit/market), enter amount, and confirm.
Step 2: Convert USDT to Fiat
- From the app homepage, tap [Wallet] > [Withdraw] > [Fiat].
- Select your preferred fiat currency and linked payment method.
- Enter the withdrawal amount and confirm identity verification if prompted.
Funds typically arrive within minutes via supported channels such as bank transfer or mobile payment systems.
This seamless conversion process empowers users to move between digital and traditional finance efficiently.
Frequently Asked Questions (FAQ)
Q: What should I do before a contract delisting?
A: Close or roll over your position before the deadline. Unmanaged positions will be force-settled, potentially leading to unexpected outcomes.
Q: Can I still trade DOT or ADA after contract removal?
A: Yes—spot trading remains unaffected. Only specific futures contracts are being delisted due to low liquidity.
Q: How do I know if my token is migrating networks?
A: Monitor official announcements on OKX and follow project social media. Always double-check deposit networks before transferring assets.
Q: Is the GTO to GFT swap mandatory?
A: Yes—it’s automatic. If you held GTO on OKX during the snapshot, it was converted without requiring user action.
Q: Why did OKX pause MATIC withdrawals during the hard fork?
A: To prevent cross-chain transfer issues and ensure all deposits align with the updated network rules.
Q: Can I withdraw ORB to any network now?
A: No—only ORB on the Polygon network is accepted. Depositing from Klaytn will result in irreversible fund loss.
Final Thoughts: Stay Informed, Trade Safely
Digital asset platforms like OKX continuously evolve to meet changing market demands and technological advancements. From contract optimizations to token migrations and system upgrades, each update plays a role in building a safer, more efficient trading environment.
👉 Keep your crypto strategy aligned with real-time exchange developments.
By staying informed and proactive, users can protect their investments and take full advantage of innovative financial tools in the blockchain space. Always review official notices carefully—your awareness is your first line of defense in decentralized finance.