Kucoin announces the delisting of 5 coins

03 Apr, 2019 | Updated: 04 Apr, 2019
by David Borman
News
Kucoin announces the delisting of 5 coins

Today saw KuCoun announce that it is delisting 5 coins from its platform. This comes as part of the "Special Treatment" rule, which basically says KuCoin can delist projects for a variety of reasons, including prolonged low volume, failure to be transparent, or other risky practices.

The coins being delisted are as follows:

1. Global Awards Token (GAT)
2. Elixir (ELIX)
3. LOCIcoin (LOCI)
4. Trinity (TNC)
5. Unikoin Gold (UKG)

Read more: Kucoin sells out first Spotlight launch with MTV, $3.5 million raised

None of the projects are particularly large, though it is unclear what caused the delistings on a case by case basis. All KuCoin referred to in the announcement is that they were "disqualified." It is plausible low volume could be part of what is giving the coins the boot.

Deposits of these coins will be shut off as of today, and all trading pairs will be closed as of April 6th. After that, users will have until July 6th to withdraw any tokens, or they will be forfeited.

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Read more about: Kucoin

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