An exchange's commitment to a healthy digital asset environment involves continuous market monitoring and liquidity assessment. To protect user interests and maintain a high-quality trading experience, certain trading pairs may be delisted based on comprehensive reviews, user feedback, and risk evaluations.
The following trading pairs have been identified for removal due to factors including low liquidity and potential market risks:
- SKEB/USDT
- MOVEZ/USDT
- PIT/USDT
- EM/USDT
- LET/USDT
- MRST/USDT
This article provides a detailed timeline of the delisting process and essential guidance for affected users.
Key Dates and Timeline for the Delisting Process
Adhering to the following schedule is crucial for managing your assets effectively.
Trading Pair Delisting and Order Cancellation
The official removal of the specified spot trading pairs occurred on May 27, 2024, between 4:00 PM and 4:30 PM (UTC+8). Users with open orders for these pairs were required to cancel them before this time. Any orders not cancelled manually were automatically revoked by the system. Post-delisting, order cancellation processing may take 1-3 business days to complete.
Deposit Service Suspension
Deposit services for the affected assets—SKEB, MOVEZ, PIT, EM, LET, and MRST—were halted earlier, starting May 20, 2024, at 4:00 PM (UTC+8). These services will not be reinstated. Users holding these assets should manage them accordingly. After the delisting is complete, these assets can be viewed in the 'Non-Tradable Assets' section under 'Funding Account' within the Assets page.
Withdrawal Service Suspension
A critical deadline is approaching for users who still hold these assets. The ability to withdraw SKEB, MOVEZ, PIT, EM, LET, and MRST will be permanently discontinued on July 27, 2024, at 4:00 PM (UTC+8). Users must process all withdrawals before this cut-off time to avoid potential asset loss. 👉 Explore secure withdrawal methods here
Understanding Exchange Delisting Procedures
Delisting is a standard practice within the digital asset industry. Exchanges routinely evaluate all listed trading pairs against a set of criteria to ensure market integrity and user protection.
Common reasons for delisting a token include:
- Consistently Low Liquidity: When a token has very low trading volume, it becomes difficult to execute orders at fair market prices, negatively impacting the user experience.
- Project Development Failures: If a project fails to meet its development milestones, becomes inactive, or lacks a committed team, its long-term viability is questioned.
- Non-Compliance with New Listing Standards: As exchanges evolve their policies, some older listings may no longer meet updated requirements for security, transparency, or regulatory compliance.
- Community Feedback and Complaints: User reports and feedback about a project's practices or token performance are taken seriously and can trigger a review.
This ongoing process helps maintain a robust and trustworthy trading ecosystem for all participants. For a deeper understanding of how to assess project health, 👉 get advanced methods for evaluating digital assets
Frequently Asked Questions
What should I do if I still hold one of these delisted tokens?
You must withdraw the token to a self-custody wallet or another exchange that still supports it before the final withdrawal deadline on July 27, 2024. After this date, you will likely be unable to access or transfer these assets on the platform.
How can I locate my delisted assets after trading is stopped?
After the trading pairs are removed, you can find your balance of these tokens by navigating to your 'Funding Account' within the 'Assets' section. They will typically be categorized under 'Non-Tradable Assets' or a similar label.
Will these tokens ever be relisted in the future?
Based on this announcement, the deposit and trading services for these specific tokens have been permanently suspended. The exchange has stated that services "will not be reopened" or "will no longer be supported," indicating no plans for relisting.
Why was the deposit service suspended before the trading service?
Suspending deposits first prevents users from adding more of the asset to the exchange after the delisting decision has been made. This helps manage the process orderly and allows the team to focus on assisting existing holders with the transition.
Is my money safe after a token is delisted?
Your assets are not automatically lost upon delisting. Your ownership of the token balance remains. However, you lose the ability to trade them on that specific platform. Your safety depends on taking action to withdraw your assets before the final withdrawal deadline passes.
What happens if I miss the final withdrawal deadline?
If you fail to withdraw your assets by July 27, 2024, you may permanently lose access to them on this platform. It is extremely important to manage your assets before this date to prevent irreversible loss.
Proactive Measures for Investors
This event underscores the importance of staying informed about exchange announcements and the dynamic nature of the digital asset market. Investors are encouraged to regularly review their portfolios and keep abreast of official communications from the platforms they use.
Digital asset investment carries inherent high risk due to market volatility and project-specific factors. Investors are advised to thoroughly understand the rules, recognize all potential risks, and objectively assess their own investment capabilities and risk tolerance before participating in the market. Always prioritize making rational and informed decisions.