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NDAX (Big Canadian Exchange) Delisting USDT "after a comprehensive assessment"

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by COINS NEWS 120 Views

Got this email today. Canada might be saying goodbye to USDT.

"Effective as of March 31, 2023, at 11:59 PM EST, NDAX will be delisting the USDT trading pairs - USDT/CAD and BTC/USDT. This decision was made after a comprehensive assessment of the coins listed on our trading platform and is in line with our commitment to providing a secure and reliable trading experience for all of our users.

To make the transition smoother, we ask that you cancel any open USDT/CAD and BTC/USDT orders as soon as possible. Any USDT balances remaining in your account as of April 30th, 2023 will be converted to CAD at the prevailing market rate and credited to your NDAX CAD wallet balance.

Critical Summary:

Date: March 31, 2023, at 11:59 PM EST

Pairs: USDT/CAD and BTC/USDT

Status: Delisting

USDT/CAD will be put into sell only mode immediately after the delisting date Buy orders for these pairs will be disabled All open buy orders will be cancelled prior to delisting Users will have 30 days to sell or withdraw their Tether (USDT) Any remaining balances post the April 30th deadline, will be converted to Canadian dollars

At NDAX, we strive to provide the best service possible and offer our users a trading platform that infuses confidence and offers a variety of coins that meet carefully selected criteria and offer liquidity. While USDT is being delisted, we encourage users to explore our other trading pairs. We strongly urge all users to do their own research and exercise caution before making financial investments.

Please note, NDAX is a trade execution platform only and does not provide any investment, recommendation, trading, or any other advice and assumes no responsibility for any action that is taken while using the website, mobile apps, API, or any actions taken outside of NDAX.

Thank you for your continued support.

Best regards,

The NDAX team"

submitted by /u/Tkldsphincter
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