The cryptocurrency exchange OKX has announced the upcoming delisting of the AGIX/USDT margin trading pair and AGIXUSDT perpetual futures. This move aligns with formal migration requirements from SingularityNET, a decentralized AI platform whose native token, AGIX, is affected by these changes. The delisting process will occur in stages between June 26 and June 28, 2024, impacting traders who hold positions or engage in leveraged trading involving AGIX.
This article outlines the timeline, risk management measures, and user recommendations related to the delisting. It also explores the broader implications for market stability and trader preparedness during exchange-driven asset adjustments.
Delisting Timeline and Key Dates
The removal of AGIX-related trading products will be executed in two distinct phases to minimize disruption and ensure orderly settlement.
Perpetual Futures Delisting
- Trading Pair: AGIXUSDT
- Delisting Window: June 28, 2024, from 8:00 to 9:00 UTC
During this hour, all open perpetual contracts will be automatically settled. OKX will calculate the final settlement price using the arithmetic average of the OKX index over the last 60 minutes before delisting. In cases where index data shows anomalies—such as extreme volatility or pricing discrepancies—OKX reserves the right to adjust the final price to a fair and reasonable level.
Margin Trading Pair Suspension
- Trading Pair: AGIX/USDT
- Lending Function Disabled: June 26, 2024, at 8:00 UTC
- Full Delisting Time: June 27, 2024, at 9:00 UTC
After the lending function is disabled, users can no longer borrow against AGIX or use it as collateral. By the full delisting time, all active margin orders will be canceled, and any remaining open positions must be manually closed by users to avoid forced liquidation.
👉 Stay ahead of trading changes with real-time updates and secure trading tools.
Risk Management Measures Implemented by OKX
To maintain market integrity during the transition, OKX has introduced enhanced risk control parameters for AGIX derivatives in the final hours before delisting.
Price Deviation Controls
In response to potential volatility, OKX has tightened price limits based on proximity to the delisting event:
48 Hours Before Settlement:
- Maximum price deviation: 2%
- Minimum price deviation: 2%
- Z-score threshold: 5%
Final 30 Minutes Before Settlement:
- Maximum price deviation: 1%
- Minimum price deviation: 1%
- Z-score threshold: 2%
These thresholds help prevent manipulative trading behaviors and ensure that settlement prices reflect genuine market conditions.
Post-Settlement Transfer Restrictions
Users holding AGIXUSDT perpetual positions valued above $10,000 at settlement will face a temporary 30-minute restriction on fund withdrawals after the contract is closed. This measure is designed to mitigate systemic risk during high-volume settlement periods. After this brief hold, normal transfer functionality resumes without further limitations.
Adjustments to Margin Trading and Borrowing Terms
Alongside delisting, OKX has revised several operational aspects of its margin services for AGIX to reflect reduced liquidity and increased risk exposure.
Suspension of Lending and Margin Functions
As of June 26, users can no longer:
- Borrow USDT or AGIX against the AGIX/USDT pair
- Use AGIX as collateral in flexible lending markets
All pending margin orders will be canceled at delisting. Traders with outstanding loans must repay their debts before the deadline; otherwise, OKX may initiate forced repayments using available account balances.
Updated Discount Rate for Trading Fees
To align with shifting market dynamics, OKX has adjusted fee discounts for AGIX trading:
Before Adjustment:
- Up to $50,000 trading volume: 0.5% fee discount
- Above $50,000: No discount
After Adjustment:
- All tiers: 0% discount
This change reflects lower liquidity in AGIX markets and supports balanced risk management across OKX’s currency lending ecosystem.
👉 Access advanced trading features with built-in risk controls and real-time analytics.
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting AGIX/USDT margin and perpetual futures?
A: The delisting follows official migration directives from SingularityNET, the blockchain project behind the AGIX token. Exchanges often comply with such requests to support network upgrades or token transitions.
Q: What happens to my open AGIXUSDT perpetual position after delisting?
A: All open positions will be settled automatically using the average index price from the final hour before delisting. You do not need to take manual action, but it's advisable to close positions early to avoid unexpected settlement outcomes.
Q: Can I still trade AGIX spot pairs after the delisting?
A: Yes. The delisting only affects margin and perpetual futures products. Spot trading for AGIX/USDT and other spot pairs remains unaffected unless separately announced.
Q: Will I lose my funds if I don’t close my margin position on time?
A: While your assets won’t be lost, failure to repay borrowed funds may result in forced liquidation of collateral. It’s essential to settle debts before the cutoff time to retain full control over your holdings.
Q: How can I check my current AGIX position and borrowing status?
A: Log into your OKX account and navigate to the “Assets” or “Derivatives” section to review open positions, loan balances, and collateral usage.
Q: Is this delisting permanent?
A: Unless SingularityNET reintroduces compatible trading terms or launches a new token standard, the removal of these derivatives is expected to remain in effect indefinitely.
User Recommendations and Best Practices
Traders are strongly encouraged to proactively manage their exposure ahead of the deadlines. Given the heightened volatility often associated with delistings, consider the following steps:
- Reduce leverage early to lower liquidation risk.
- Close or hedge open positions before June 27 (margin) and June 28 (perpetuals).
- Repay all AGIX or USDT loans prior to the lending suspension.
- Download trade history via OKX’s Report Center for record-keeping and tax reporting purposes.
OKX emphasizes transparency throughout this process and urges users to stay informed through official channels rather than third-party sources.
👉 Secure your crypto journey with a platform built for performance, safety, and compliance.
Conclusion
The phased delisting of the AGIX/USDT margin pair and AGIXUSDT perpetual futures marks a strategic alignment between OKX and SingularityNET’s ecosystem evolution. While such changes can create short-term uncertainty, they also reflect responsible exchange practices aimed at maintaining market stability and regulatory compliance.
By implementing structured timelines, clear communication, and robust risk controls, OKX supports a smooth transition for users while upholding platform integrity. Traders should act promptly to adjust their strategies and ensure compliance with the updated trading landscape.
Core Keywords:
AGIX, USDT, OKX, delisting, perpetual futures, margin trading, cryptocurrency exchange, risk management