KuCoin to Delist UTK as Exchange Declines to Support xMoney Token Swap

KuCoin to Delist UTK as Exchange Declines to Support xMoney Token Swap

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by Bayarjavkhlan Ganbaatar

a year ago

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In a significant move for its users, KuCoin has announced the delisting of the xMoney UTK token, alongside the decision not to support its migration to the new xMONEY XMN token. This announcement comes as the xMoney project implements a two-tier swap system for UTK holders, placing the onus of the swap process on users. The source notes that this decision may impact many investors who hold the UTK token.

Closure of UTK Token Services

Starting October 14, 2025, KuCoin will permanently close all deposit and trading services for the UTK token. Users are strongly encouraged to withdraw their tokens before January 6, 2026, to avoid any complications. After this date, any unwithdrawn UTK tokens will be automatically converted to XMN at a ratio of 3 UTK for 1 XMN.

Introduction of XMN/USDT Trading Pair

Additionally, the new XMN/USDT trading pair is set to be listed on October 15, 2025, marking a pivotal change in the xMoney ecosystem. This transition highlights the project's ongoing evolution and the need for users to stay informed about their token holdings and the necessary actions to take during this migration period.

In a related development, UXLINK has announced its first token buyback following a significant security breach, aiming to restore investor confidence. For more details, see read more.

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