Crypto News Today: Aster DEX Delists OWLUSDT as Owlto Finance Token Struggles

The post Crypto News Today: Aster DEX Delists OWLUSDT as Owlto Finance Token Struggles appeared first on Coinpedia Fintech News

Decentralized derivatives platform Aster DEX has officially confirmed that it will delist the OWLUSDT perpetual contract, urging traders to close their positions before the removal deadline.

According to the platform’s latest announcement, the Owlto Finance /USDT trading pair will soon be removed as part of a scheduled delisting process. The move primarily affects traders currently holding open perpetual contract positions in the pair.

The exchange clarified that the decision only impacts the OWLUSDT contract, while all other trading pairs, assets, and services on the platform will continue operating as usual.

Reduce-Only Mode Starts Before Delisting

Before the contract is fully removed, Aster DEX will place the OWLUSDT pair into Reduce-Only mode.

This change will take effect on March 10, 2026, at 08:30 UTC. Once this mode is activated, traders will no longer be able to open new positions for the OWLUSDT perpetual contract.

However, users will still be able to reduce or fully close their existing positions during this phase. Reduce-Only mode is commonly implemented by exchanges before delisting events to give traders time to exit the market while preventing new exposure.

Final Delisting Scheduled for March 10

The platform confirmed that the official delisting of the OWLUSDT trading pair will occur at 09:00 UTC on March 10, 2026, just 30 minutes after the Reduce-Only phase begins.

Traders are strongly advised to close their positions and cancel any pending orders before the final deadline. The exchange warned that users who fail to manage their positions in time may experience automatic system actions once the pair is removed.

This step is part of the platform’s effort to ensure a smooth and orderly delisting process for all traders.

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What Happens to Remaining Positions?

After the delisting time, Aster DEX will automatically handle any remaining trading activity related to the OWLUSDT pair.

If traders still hold open positions when the contract is removed, the system may close those positions automatically at the current market price. Additionally, any open orders associated with the pair will be automatically canceled by the platform.

Such measures are typically used by exchanges to minimize trading disruptions and protect users from unexpected market exposure once a contract is removed.

OWL Token Price Performance

The delisting announcement comes amid weak performance for Owlto Finance (OWL) in the broader market.

At the time of reporting, OWL is trading around $0.008080 against USDT, reflecting a 3.92% gain over the past 24 hours. However, the token has experienced a broader downturn in recent weeks.

Over the past week, OWL has dropped 22.19%, while its monthly performance shows a decline of 24.62%. Every year, the token has suffered a steep 83.05% drop, highlighting the ongoing pressure in the market.

Despite the delisting of the OWLUSDT contract, Aster DEX confirmed that all other markets on the platform will remain unaffected, and users are encouraged to monitor official announcements for future updates.

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Source: https://coinpedia.org/news/crypto-news-today-aster-dex-delists-owlusdt-as-owlto-finance-token-struggles/