KuCoin Cryptocurrency Exchange Delists Ten Altcoins
Date: 2023-11-28 Author: Dima Zakharov Categories: BUSINESS
Delisting Announcement and Removed Cryptocurrencies
KuCoin informed its users about the delisting of trading pairs involving ten cryptocurrencies, including 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). The delisting process means that KuCoin’s trading bots, such as Spot Grid, Infinity Grid, DCA, Smart Rebalance, Martingale, and Futures Grid, have effectively ceased operations with these altcoins.
Impact on Deposits and Withdrawals
Deposits in the listed tokens will no longer be accepted, and users have until May 28, 2024, 10:00 (UTC) to withdraw their assets. KuCoin recommends clients to promptly close orders related to these crypto assets to avoid complications. If withdrawals occur after May 28, users will be considered to have voluntarily relinquished their crypto assets, with no option to reclaim or exchange them on KuCoin.
Client Recommendations and Potential Losses
KuCoin emphasizes that if clients cannot withdraw funds in the specified crypto assets during this period, the exchange cannot cover any resulting losses. It is crucial for users to adhere to the withdrawal timeline to safeguard their assets.
Enhanced KYC Procedures
Starting from August 31, KuCoin has tightened its Know Your Customer (KYC) procedures to enhance security in the fight against money laundering and terrorism financing through cryptocurrencies.
