Txbit can decide to delist a project or suspend trading at any time.
There are several factors that can lead to delisting or suspend trading, including:
1 When there is no more team commitment to the project
2 Low average trading volumes over long periods of time
3 Level of public communication from the project team
4 Technical or security issues with blockchain
5 Evidence of unethical or fraudulent behavior
6 Responsiveness to due diligence requests
7 On request of the development team
8 Other reasons, for which the exchange deems conducting business with the project unacceptable or risky
Txbit reserves the right to suspension trading or delisting a project at any time without advance notice.
Before the announcement, we close the markets. All open orders will be canceled. This will prevent the whole buy order book will be executed at once.
We will publish the delisting announcement on our social media channels: Twitter, Telegram, Discord and Medium.
After the delisting announcement, users have 8 weeks to withdraw their funds. During this period we:
- Publish a reminder on Twitter, Telegram, and Discord;
- Send a mailing to the users who hold the delisted assets;
- Publish a final and last call on Twitter, Telegram, and Discord.
The withdrawals are closed after delisting. This means that the remaining funds are not recoverable after the delisting.
If you are not planning to place orders on short notice, you should always store your crypto in your own wallet. Exchanges are not banks!
When we publish a delisting on Medium we also check the option to mail the subscribers on Medium. In this way, you are always up to date with upcoming delistings.
It's your own responsibility to keep informed about the cryptos you own.
Don't miss any upcoming delisting by following Txbit on social media! (Twitter, Discord, Telegram and Medium)