DiviProject

Dear Divi Community,

It is with great frustration that we must inform you Kucoin has notified us of their decision to delist Divi, effective September 13th.

For those who noticed the "ST" tag on the Divi pair on Monday, this explains its appearance. We had no prior clarification, but Kucoin has since stated that the delisting is due to discrepancies in Divi's volume and listings across platforms.

Divi was listed on Kucoin in May 2021, just before the peak of the last bull market. Kucoin quickly became the preferred exchange for our community, surpassing Bitrue. However, since Kucoin introduced mandatory KYC requirements in August 2023, this has significantly impacted our predominantly U.S.-based community, who have faced challenges with KYC. As a result, Kucoin has dropped from being the 4th largest exchange to the 10th over time.

This change severely affected us, and since then, the Divi pair on Kucoin has been on life support, requiring intense market-making efforts to stay listed, a DAO effort for the Market Maker fees, and straining the Divi foundation’s operational costs with trading fees. While losing a tier-one exchange is unfortunate, Kucoin has been largely inactive for our community for a while now.
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Although this is a setback in Divi’s journey, we remain fully committed to our new direction with Divi Side Chains. Our strategy to improve Divi’s availability and secure listings on more accessible, non-KYC exchanges remains unchanged. In fact, we are actively working toward a new listing in the coming weeks on a platform with less restrictive KYC policies. Additionally, we will be moving liquidity to Bitrue, which we expect to regain its position as our main exchange.

For more information about exchange listings and maintenance, please refer to our YouTube videos:

Thank you for your continued support, and stay tuned for the future exchange listing announcement.

The Divi Project

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Divi Delisting from Kucoin