14.08.2024
Mirjan Hipolito
Cryptocurrency and stock expert
14.08.2024

BitMart announces delisting of 30 tokens amid ongoing market changes

BitMart announces delisting of 30 tokens amid ongoing market changes BitMart announces delisting of 30 tokens amid ongoing market changes

​BitMart, a globally recognized cryptocurrency exchange, has announced its decision to delist 30 digital assets as part of its ongoing efforts to optimize its platform and ensure compliance with regulatory standards.

The delisting process was announced on the exchange's blog and will start on August 15, 2024 at 10:00 pm (UTC) and will affect a number of tokens and related trading pairs.

Tokens to be delisted:

- $$QUACK, REP, DJT, ABM, BABYWIF, BITBULL, BITCONEY, BMBI, BOSOL, CHAX, CIND, DIAMOND, DQD, HYP, INS, KAT, LOONG, MEMEMINT, MEU, MOW, OGB, PEACH, SKY, SOHOT, TENET, TWOB, WFLM, YESP, GERA, MR.

Trading pairs to be delisted:

- ABM_USDT, BABYWIF_USDT, BITBULL_USDT, BITCONEY_USDT, BMBI_USDT, BOSOL_USDT, CHAX_USDT, CIND_USDT, DIAMOND_USDT, DQD_USDT, HYP_USDT, INS_USDT, KAT_USDT, LOONG_USDT, MEMEMINT_USDT, MEU_USDT, MOW_USDT, OGB_USDT, PEACH_USDT, SKY_USDT, SOHOT_USDT, TENET_USDT, TWOB_USDT, WFLM_USDT, YESP_USDT, GERA_USDT, MR_USDT $QUACK_USDT, REP_USDT, DJT_USDT, BONDLY_ETH, STRM_BTC.

BitMart's decision follows its "Rules Governing Suspension, Concealment and Delisting of Trading Pairs, and Transactions," which stipulate that assets may be delisted due to factors such as low trading volumes, non-compliance with regulations, or failure to meet other internal criteria.

Users holding these assets are advised to cancel any open orders involving the affected tokens as soon as possible. If orders are not canceled in time, they will be automatically canceled by the system, and the assets will be returned to the users' trading accounts.

Following the delisting, BitMart will suspend the deposit feature for the affected tokens. Users are urged to withdraw their holdings to other platforms or private wallets by October 15, 2024, at 10:00 pm (UTC). After this date, the withdrawal function for these assets will no longer be supported on BitMart.

By streamlining the number of supported assets, BitMart aims to focus on providing a more robust platform that prioritizes high-quality projects and compliance with global regulations.

BitMart is a centralized exchange that provides crypto asset trading and investment services to over 9 million users around the globe. The trading platform offers numerous features for its clients, including staking, lending, savings products, derivative contracts, and expanded spot trading options. 

See also: BingX teams up with Blockpit to make tax reporting for users easier

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