KuCoin Delists 10 Altcoins, Urges Users to Withdraw Funds by May 2024
In a significant move to enhance compliance, KuCoin, a prominent cryptocurrency exchange, has announced the delisting of ten altcoin projects. This decision, effective as of today, reflects KuCoin’s commitment to its Special Treatment Rules, ensuring all listed projects align with their standards.
The list of delisted tokens includes Kambria (KAT), Sakura (SKU), Don-key (KDON), LOCGame (LOCG), Sienna (WSIENNA), Inflation Hedging Coin (IHC), Position Exchange (POSI), TE-FOOD (TONE), Pika Protocol (PIKA), and Karura (KAR). Consequently, related trading pairs like KAT/USDT, SKU/USDT, and others will no longer be available on the platform.
Timeline for Withdrawals and Trade Closures
KuCoin has outlined a phased approach for this delisting process. Initially, trading bots will halt operations from 09:45 Turkish time on November 24, 2023. The affected trading pairs will be officially removed at 10:00 Turkish time on the same day. Users are advised to cancel any pending orders related to these tokens to manage their funds efficiently.
Additionally, the withdrawal services for these altcoins will cease at 13:00 Turkish time on May 28, 2024. KuCoin underscores the importance of users initiating their withdrawal process before this deadline to avoid any potential loss of funds.
KuCoin’s Emphasis on User Cooperation
KuCoin has stressed the need for cooperation from its users during this transition. Moreover, users can avoid unnecessary losses by promptly adhering to these changes and withdrawing their funds. KuCoin’s action reflects a rising trend in cryptocurrency, where exchanges concentrate more on regulatory compliance and user protection.
Concurrently, Binance is making similar adjustments to delist specific margin trading pairs, including BTC/BUSD and ETH/BUSD. This move, scheduled for December 7, 2023, is likely a response to the recent scrutiny surrounding money laundering issues in the crypto sphere. Binance’s decision highlights the evolving regulatory landscape in the cryptocurrency market and the need for exchanges to adapt swiftly.
Read Also: Uphold to Facilitate $5B in Ripple Payments, CEO Reveals
- Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts
- S&P Launches Crypto 50 Index But There’s A Catch
- NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up
- Expert Predicts SOL ETF Approval This Week as Solana ETPs Break All-Time Record
- XRP On-Chain Data Flashes Buy Signal as Analysts Target $4
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
