As we all know, the altcoin Kadena (KDA), which was once considered one of the most promising projects in the crypto world, has announced that it has ended all business activities.
Following the Kadena team’s official announcement, KDA’s price fell by nearly 40% of its value in a short period of time.
“Continuing our business operations is no longer possible. The Kadena organization will immediately cease all commercial activities and active maintenance of the Kadena blockchain,” Kadena said in a statement.
The stock exchange has issued a statement regarding delisting!
KDA has experienced a 70% drop since the closure announcement, and major cryptocurrency exchanges are also starting to make decisions to delist it.
In line with this, major cryptocurrency exchanges Bybit and OKX announced that they will phase out KDA trading.
OKX announced that it would suspend deposits with KDA and halt spot trading on October 26th.
The exchange announced that it would remove the trading pair on October 29th.
In addition to OKX, Bybit also announced that it has discontinued all KDA-related lending and borrowing services. The exchange added that it will suspend trading in KDA futures from October 24th.
In a new announcement, Bybit announced that it will remove the KDA/USDT spot trading pair from its exchange as of 08:00 UTC on October 28th.
*This is not investment advice.
