The cryptocurrency market continues to have a bloodbath. Although there has been a partial recovery in some cryptocurrencies, the bearish sentiment still dominates the market. In this negative atmosphere, KuCoin, one of the leading Bitcoin exchanges, announced that it will remove 9 altcoin projects from its list. This news, combined with negative sentiment in the market, caused double-digit declines in the prices of some tokens.
KuCoin delisted these 9 altcoin projects!
cryptokoin.comAs you follow from , the market is going through difficult times this week as well. Selling pressure on Bitcoin has affected the entire market. Most major cryptocurrencies have given back a significant portion of their recent gains. In this negative market environment, leading crypto exchange KuCoin announced that it will remove some altcoin projects from its list. The Exchange stated that, according to its Special Treatment Rules, it disqualifies the following projects. That’s why he announced that he will remove these tokens from the platform:
- SparkPoint (SRK)
- Hegic (HEGIC)
- BOSagora (BOA)
- Gamma (GAMMA)
- Aura Finance (AURA)
- NuriFootball (NRFB)
- Bull BTC Club (BBC)
- TitanSwap (TITAN)
- Unicly (UNIC)
Meanwhile, KuCoin also stated which parities it would terminate regarding these altcoin projects. According to this; SRK/USDT, SRK/BTC, HEGIC/USDT, HEGIC/BTC, BOA/USDT, GAMMA/USDT, AURA/USDT, NRFB/USDT, NRFB/BTC, BBC/USDT, TITAN/USDT and UNIC/USDT parities are on the exchange list. will come out. Following this news, losses in token prices also increased. SRK coin price saw a loss of approximately 16% on a daily basis. HEGIC price fell 9%, while GAMMA price lost 23%. NRFB price fell by approximately 33%
How will the delisting process work?
- KuCoin Trading Bots, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Martingale and Futures Grid, will cease operations on January 25, 2024 at 09:45:00 UTC.
- The stock exchange will remove these trading pairs from the list on January 25, 2024 at 10:00 CET. For better management of your funds, KuCoin recommends you cancel your pending orders for relevant altcoin projects as soon as possible.
- The deposit service of the above projects will remain closed.
- The exchange will close the withdrawal service of the above projects at 13:00 on July 28, 2024.
Major cryptocurrencies are in pain!
Meanwhile, Bitcoin, the largest institutional crypto product, experienced a $25 million outflow last week. However, on a year-to-date (YTD) basis, total capital inflows stood at an impressive $1.27 billion. The leading cryptocurrency has fallen 16% since the ETFs launched on January 11 due to selling by GBTC investors.
Other top cryptocurrencies such as leading altcoin Ethereum and Solana also saw outflows. These cryptocurrencies witnessed significant outflows of $14.5 million and $8.5 million respectively. Like Bitcoin, these altcoins have also experienced significant market value declines in recent days. The total market value of all cryptos in circulation shrank by 7.6% last week.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!