Ostium to Resume Trading on July 23, Phased Functionality Restoration Announced

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Ostium announced on July 22 that on-chain data confirms trading will resume on July 23 at 10:00 AM ET. Open positions and orders will remain active and be revalued based on real-time prices, with liquidations and stop-losses triggered as necessary. Initial functionality includes closing positions, adding margin, modifying or canceling orders, and auto stop-loss/liquidation. New positions will open after pending orders are processed. New OLP deposits are paused, and existing LP withdrawals will be processed in the next settlement cycle. Users are warned of impersonation scams—the platform will never ask for private keys or seed phrases.

According to Huoxing Finance, on July 22, Ostium announced that trading will resume on Thursday, July 23, at 10:00 AM Eastern Time. All open positions and pending orders will remain unchanged and will be re-marked based on the real-time market price at restoration to determine whether liquidation or take-profit/stop-loss triggers occur. The protocol will restore functionality in phases: initially, only “reduce-only” operations—such as closing positions, depositing additional margin, modifying or canceling orders, and automatic take-profit/stop-loss and liquidation—will be enabled. New position opening will be reinstated only after all pending orders have been executed. Ostium also announced a pause on new OLP liquidity deposits; existing LP withdrawals will be processed in the next settlement cycle. Users are reminded to be cautious of impersonation scams and to never share private keys or seed phrases.

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