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

OKX US plans to cancel open orders and trading bots left on affected dollar trading pairs when it retires those order books on Sept. 30. Positions in Grid and Smart Portfolio bots on the affected pairs will also be sold, the exchange says, making inaction potentially costly for traders using those strategies.According to the US customer notice, the corresponding USDC pairs have been available alongside the affected USD pairs since Sept. 23. Traders have until the migration to cancel open USD-pair orders, stop those bots and recreate them on the USDC pairs. Orders and bots created on the replacement pairs during the parallel window will keep running afterward.What the deadline changesOKX US says the old books will be retired between 3 and 4 a.m. Eastern time on Sept. 30, equivalent to 7 to 8 a.m. UTC. All remaining orders and bots or automated trades on affected USD pairs will be canceled. OKX's migration schedule says bots using those pairs may close gradually over that hour and the relevant USD pairs will be delisted at 8 a.m. UTC.The cancellation has different consequences for the positions behind different bots. OKX says it will sell positions in Grid and Smart Portfolio bots. P...