OKX Supports IP Token Migration to DATA at 1:1 Ratio

OKX, a major cryptocurrency exchange, has announced its plan to support the migration of IP (Internet Protocol) tokens to DATA at a 1:1 ratio. The move is in line with the official plan of the IP project.

According to the schedule provided by OKX, the borrowing feature for IP will be ceased on June 26, 2026, at 02:00 UTC. Subsequently, IP/USDT margin trading will be suspended between 6:00 and 8:00 UTC on July 1, 2026, with all pending orders in the margin trading market being canceled.

The exchange will also delist the IP/USDT perpetual futures contract at 8:00 UTC on July 2, 2026. All user positions under this contract will be settled at a delivery price equal to the arithmetic mean of the OKX index over the 30 minutes prior to delisting.

Additionally, all pending IP orders will be canceled, and the spot trading pairs for IP (IP/USDT, IP/USDC, IP/USD, IP/EUR, and IP/TRY) will be delisted between 9:00 and 10:00 UTC on July 2, 2026.

OKX emphasizes that this migration only involves a change of ticker, and users' account balances will not be affected. Deposits and withdrawals will remain open during the migration.