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OKX US to sell USD trading bot positions if users miss Sept 30 deadline

OKX US said grid and Smart Portfolio trading bot holdings on old USD pairs will be sold automatically if affected users miss the September 30 deadline.

Published:

Updated:

What happened

OKX US said grid and Smart Portfolio trading bot holdings on old USD pairs will be sold automatically if affected users miss the September 30 deadline.

Confirmed

Global impact / market context

Affected users must convert or close their bot positions before September 30 or the platform will sell the holdings for them, removing control over the timing and price at which those positions are exited and converted into cash.

Confirmed

The notice concerns old USD pairs linked to stablecoins USDT and USDC, so forced bot sales could push affected users toward closing positions or converting into remaining supported trading pairs before the deadline passes.

Analyst inference

What to watch

  1. The September 30 deadline is the key date for users with affected grid or Smart Portfolio bots still running on old USD pairs to act before automatic sales begin. Confirmed
  2. Watch whether forced bot sales cluster near the deadline, which could add selling pressure in the specific old USD pairs and affect prices for users who wait until the final days. Analyst inference
  3. Affected users should review each bot, decide whether to close or convert positions manually, and confirm the available replacement pair before September 30 to avoid an automatic sale. Proposed

Affected assets

  • USDT — Tether
  • USDC — USD Coin

Evidence