OKX to Delist USDC-Margined Perpetual Futures on Dec 11, 2025
OKX announced it will delist USDC-margined perpetual futures on December 11, 2025, saying the move is intended to “improve overall market liquidity and optimize the trading experience.” The exchange framed the decision as a product rationalization, but the change removes a stablecoin-denominated margin option that some traders and market makers have used to hedge and arbitrage.
Traders with open USDC-margined positions should plan to close, migrate, or roll contracts ahead of the cutoff to avoid forced liquidations or unexpected funding shifts. Market impact could include tighter liquidity and narrower spreads in remaining USDT- or BUSD-margined perpetuals, while venues that continue USDC-margined products could see a temporary volume bump. The delisting is notable for derivatives desks and liquidity providers assessing where to concentrate capital across stablecoin margins.