Globally reputed Hong Kong-based cryptocurrency exchange, KuCoin has made it official that it has delisted eBitcoin (EBTC) project and in response to this strategic decision, the tokens will be removed from the exchange platform.
According to the Special Treatment Rule of KuCoin exchange, the decision has come following the closure of the latest phase of the “Special Treatment” or ST observation. The projects that are at the risk of being delisted from the exchange are placed in the ST category and are subjected to compulsory review by the team over a decided period of time.
The insights into the delisting process:
- The exchange platform has put a halt on the deposit service.
- Relative trading pairs shall be subjected to closure at 18:00 (UTC+8) on November 23, 2019. The exchange has advised the users to cancel their pending orders of relative projects as the earliest to ensure proper management of funds.
- The users will be able to indulge in withdrawals of the relative tokens from the exchange trading platform until 18:00 (UTC+8) on February 23, 2020.
- A person holding the relative coins should withdraw them on or before the deadline, as mentioned above. In case a person fails to withdraw the assets within the specified time, the funds would be considered as given up by the concerned user and he/she will have no rights to claim them back or any other equivalent product from KuCoin.