TLDR
Several major exchanges issued delisting notices this week.
- Binance will close and delist PONKEUSDT, SWELLUSDT, and QUICKUSDT perpetual contracts on 28 Nov (UTC) per a Binance post.
- KuCoin Futures delisted SUNDOGUSDT on 28 Nov and its Margin service will remove multiple tokens in early December per KuCoin notices.
- Bitget will delist 10 spot pairs on 5 Dec, including BADGER/USDT and OAS/USDT, per a Bitget announcement.
Deep Dive
1. Binance
Binance confirmed the delisting of USD?-M PONKEUSDT, SWELLUSDT, and QUICKUSDT perpetual contracts on 28 Nov at 09:00 (UTC), with new positions blocked from 08:30 (UTC) in the same notice, advising users to close positions ahead of settlement to avoid ADL or forced actions in thin liquidity conditions Binance post.
Binance also announced it will delist 12 BTC-denominated margin pairs on 4 Dec at 06:00 (UTC), with borrowing suspension on 2 Dec, and a three-hour delisting process where position updates are unavailable Binance margin update.
If you hold these contracts or margin pairs, close or transfer positions before the deadlines to avoid automatic settlement and increased volatility.
2. KuCoin
KuCoin Futures suspended new SUNDOGUSDT positions at 06:50 (UTC) on 28 Nov and delisted the contract at 07:00 (UTC), settling positions at the average index price of the prior 30 minutes and warning of potential protective measures if manipulation is detected KuCoin notice.
Separately, KuCoin Spot Margin will delist margin services for AXS, OGN, X, PYR, ONE, XPR, COQ, and cloud-network/">ICNT on a staggered schedule from 15 Dec (UTC), urging users to cancel orders, close positions, repay loans, and transfer assets from Margin accounts in advance KuCoin margin delist.
Margin positions in the affected tokens need proactive unwinding to avoid forced liquidation and asset transfers during the delisting windows.
3. Bitget
Bitget will remove 10 spot pairs on 5 Dec at 10:00 (UTC): NC/USDT, SKYAI/USDT, ALPHA/USDT, BADGER/USDT, XPR/USDT, OAS/USDT, MCADE/USDT, SCR/USDT, SCR/EUR, and FET/BTC. Deposits for several of these tokens are already suspended and withdrawals remain open until 5 Mar 2026 %%CKPROTECTED0%%.
Additionally, Gate suspended PORT3 deposits and then withdrew and froze trading on 23 Nov, and will delist related futures and margin pairs due to malicious minting activity tied to the project Gate notice.
Expect liquidity and bot strategy changes around the affected pairs. Review open orders and transfer assets early to minimize disruption.
Conclusion
This weeks delisting wave spans perpetuals, margin, and spot pairs across Binance, KuCoin, Bitget, and Gate. The practical takeaway is to check any positions in the affected symbols, plan exits before the stated windows, and monitor liquidity and volatility around settlement or removal times.
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