Cryptocurrency exchange OKX announced that it will remove some perpetual futures contracts from its platform in order to reduce market risks and provide a better trading experience for its users. OKX Removes BADGER, BAL, and NIL USDT Perpetual Contracts According to the official statement made by the company, perpetual contracts for the following three USDT trading pairs will be terminated as of 16:00 on July 25, 2025: BADGER/USDT BAL/USDT NIL/USDT On that date, trading of these contracts will be suspended, all pending orders will be canceled, and users' open positions will be surrendered based on the arithmetic average of the last hour's OKX index prices. In case of abnormal fluctuations in index prices, the platform reserves the right to adjust the final delivery price to a reasonable level according to market conditions. OKX announced that it has set the funding rate to be zero (0) during the removal, so users will not pay any funding fees or delivery commissions for these transactions. Additionally, users with positions exceeding $10,000 will be unable to transfer assets from their accounts for 30 minutes during the removal process. After this period, accounts will be able to be used normally again. Users will still be able to access their order history and invoice records after the contracts are removed. Users who wish to back up these records are advised to download their data from the desktop order center in a timely manner. OKX added that it will adjust some risk control parameters and limit pricing rules to prevent market imbalances during these removals. The platform stated that it will continue similar evaluations and updates regularly to provide its users with a more secure and efficient trading environment. *This is not investment advice. Continue Reading: Bitcoin Exchange OKX Announces Delisting Three Altcoins from Its Futures Platform! Here Are the Details
