According to The KuCoin Team, due to a token swap involving Fantom (FTM), KuCoin will delist its leveraged tokens FTM3L and FTM3S. The delisting and closure of redemption services will occur at 02:00:00 UTC on January 6, 2025. Users are advised to manage their positions before this date to protect their assets. If tokens are still held after delisting, KuCoin will convert them to USDT based on their net asset value at the time of delisting and distribute the USDT to user accounts within 24 hours. The token assets will then be removed from wallets. KuCoin emphasizes the risks associated with leveraged token investments and advises users to understand these risks fully.
KuCoin to Delist FTM3L/3S Leveraged Tokens on January 6, 2025
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