KuCoin In the announcement made today, the stock exchange suspended the support given to 10 projects due to violation of the regulations in the stock exchange within the scope of the “Special Treatment Rules”. The listings of these assets on the stock exchange will also be removed.
Projects with support cut include 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). KuCoin announced that the trading pairs associated with these projects have been removed:
- KAT/USDT, KAT/BTC
- SKU/USDT, SKU/BTC
- KDON/USDT
- LOCG/USDT
- WSIENNA/USDT
- IHC/USDT
- POSI/USDT
- TONE/USDT, TONE/BTC, TONE/ETH
- PIKA/USDT
- PROFIT/USDT
The crazy procedures in question will be completed gradually. KuCoin’s Trading Bots, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Martingale and Futures Grid, will be closed for trading starting November 24, 2023.
To protect user funds, the exchange recommends canceling all pending orders associated with these projects. Withdrawal services for affected projects will be terminated on May 28, 2024. Deposits are currently suspended.
This decision by KuCoin raised questions about the nature of the violations and the potential repercussions for both the exchange and related projects. Investors and enthusiasts have been expressing concerns about the impact on their investments and the reasons behind the sudden delisting.