Update on KuCoin Leverage Token Trading Service

Kucoin

Dear KuCoin Users,

Thank you for your long-term support and trust in the KuCoin platform. To continuously optimize our product services, we will proceed with the delisting of Leveraged Token Services.

The delisting will be carried out in two phases: Phase 1 involves the removal of all BTC-related leveraged tokens (including BTC3L, BTC3S, BTCUP, and BTCDOWN). After this phase, no leveraged tokens will remain listed.

Phase 2 will comprise the complete closure of the leveraged tokens entry point. We are committed to ensuring a smooth and orderly delisting process, with the full protection of your assets throughout. The specific schedule is as follows:

Delisting Schedule

Phase 1: Delisting of Existing Leveraged Tokens

This phase will complete the delisting of all BTC-related leveraged tokens (including BTC3L, BTC3S, BTCUP, BTCDOWN), including their trading, subscription, redemption, and asset handling.

Key Timeline(UTC)	Main Action	Description
December 30, 2025	Halt of Subscription and Redemption	The subscription and redemption functions for all BTC leveraged tokens will be disabled.
December 31, 2025	Cancellation of Orders and Delisting of Trading Pairs	All pending orders for BTC leveraged tokens will be cancelled, and the related trading pairs will be closed.
December 31, 2025	USDT Distribution to Trading Accounts	The equivalent USDT from the conversion will be automatically distributed to trading accounts within 24 hours. After the USDT distribution is completed, the delisted BTC leveraged tokens will be officially destroyed.

Phase 2: Closure of Leveraged Tokens Entry Points

In this phase, we will completely remove all entry points and pages related to leveraged tokens on both the App and Web.

Key Timeline (UTC)	Main Action	Description
January 14, 2026	Complete Removal of All Entry Points	All leveraged tokens-related pages and functional entry points, including market data pages and trading interfaces, will be officially removed from both the App and Web, and will no longer be displayed.

Impact on You and Key Notes

We recommend taking early action: To ensure the handling of your assets aligns with your intentions, we strongly advise you to proactively manage your BTC leveraged token holdings (by selling or redeeming) before 09:00 on December 30, 2025 (UTC). After this time, you will no longer be able to initiate these actions yourself.
Removal of related pages and entry points: Starting from January 14, 2026 (UTC), all pages and entry points related to leveraged tokens will be removed from both the App and Web. After this time, it will no longer be possible to view or perform any operations regarding these tokens.

Thank you for your support!

The KuCoin Team

Risk Warning：Leveraged Tokens investment (trade) is a risky one. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. KuCoin will not be liable to you for any loss that might arise from your use of Leveraged Tokens.

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