KuCoin, a well-known cryptocurrency exchange, has announced delisting eleven altcoin projects as a significant step to improve compliance.
With immediate effect, this decision demonstrates KuCoin’s dedication to upholding its Special Treatment Rules and making sure all projects listed meet their requirements.
The following tokens have been delisted: TE-FOOD (TONE), Position Exchange (POSI), Sakura (SKU), Don-key (KDON), LOCGame (LOCG), Sienna (WSIENNA), Kambria (KAT), TE-FOOD (TONE), Pika Protocol (PIKA), and Karura (KAR). As a result, associated trading pairs, including KAT/USDT and SKU/USDT, will no longer be accessible on the site.
Timetable for Trade Closures and Withdrawals
KuCoin has laid out a step-by-step procedure for this delisting. Trading bots will first stop working on November 24, 2023, at 09:45 Turkish time. The impacted trade pairs will be formally eliminated at 10:00 Turkish time on the same day. I
To manage their finances effectively, users are encouraged to cancel any pending orders relating to these tokens. Furthermore, the altcoin withdrawal services will end on May 28, 2024, at 13:00 Turkish time.
In order to prevent any possible loss of cash, KuCoin emphasizes how crucial it is for customers to start the withdrawal procedure before this deadline.
KuCoin has emphasized that its users must work together during this shift. Furthermore, consumers who quickly follow these instructions and remove their money can prevent needless losses.
KuCoin’s move indicates a growing trend in the cryptocurrency space, where exchanges focus more on user protection and regulatory compliance. Binance is making similar changes concurrently to delist particular margin trading pairings, such as BTC/BUSD and ETH/BUSD.
This action, which is set for December 7, 2023, is probably a reaction to the current attention given to concerns about money laundering in the cryptocurrency space. Binance’s move emphasizes how quickly exchanges must adjust to the changing regulatory environment in the cryptocurrency space.
