Company OKX to Delist DEGEN and CETUS Perpetual Futures on December 26

Company OKX has announced the removal of the DEGEN/USDT and CETUS/USDT perpetual futures trading pairs, effective at 08:00 UTC on December 26. This operational change directly affects leveraged traders and portfolio managers who use these derivatives. The delisting impacts only the specified perpetual futures contracts and does not automatically imply delisting of the underlying tokens from spot markets.

This action means all open positions in the affected contracts must be closed or will be settled by the exchange at the mark price at the time of delisting. Traders are urged to act proactively: close open positions, cancel pending orders, and withdraw remaining margin (USDT) once positions are settled. Ignoring the deadline could lead to automatic settlement at prices that may be less favorable than actively closing positions.

Why would an exchange take this step? Typical drivers include low liquidity, heightened risk exposure, and a strategic reallocation of product listings. While Company OKX did not publish a detailed rationale, delistings are a routine part of exchange risk management and product lifecycle management intended to preserve market integrity.

Key dates and immediate actions:

• Cutoff: 08:00 UTC, December 26 — trading and order placement for the specified perpetuals will be disabled.
• Close positions: Close long/short positions before the deadline to avoid forced settlement.
• Cancel open orders: Remove any outstanding limit/stop orders tied to these pairs.
• Withdraw funds: After positions are closed, withdraw USDT margin or transfer it to other accounts.

The delisting affects derivatives markets specifically. The underlying DEGEN and CETUS tokens may remain available on spot markets on Company OKX and other platforms. However, removing a major derivatives venue can influence market sentiment, liquidity, and implied volatility for the tokens. Traders should monitor official announcements from Company OKX and project channels for any follow-up changes.

Practical risk-management tips: diversify derivative trading across multiple platforms, keep an exit plan for low-liquidity positions, and subscribe to the announcement channels of exchanges you use. For official confirmation, consult the exchange announcement posted by Company OKX. For community discussion and broader market reaction, check Company Twitter, Company Telegram, and Company Reddit. The original article summarizing this development was published by Company BitcoinWorld.

Impact on traders: Leverage traders must prioritize manual closure of positions to retain control over execution price. Automatic settlement may not align with a trader's risk-management plan. Spot-only holders are less directly affected, but market liquidity and sentiment could shift in the hours following the delist.

Final note: Treat exchange notices as primary sources of truth. This delisting underscores the dynamic nature of cryptocurrency derivative markets and illustrates why proactive portfolio hygiene and cross-platform diversification are essential for traders who use leveraged products.