Zipmex is delisting Litecoin (LTC)
June 20, 2022
Further to our email sent on 14th June 2022, we’d like to provide you an update regarding the delisting of LTC.
The latest Mimblewimble upgrade which allows Litecoin (LTC) users to use opt-in privacy is against the Thai SEC regulations in terms of privacy coins (Notification of the Securities and Exchange Commission Kor Thor. 4 /2565). This is why Zipmex Thailand has to delist LTC.
In light of the above, we have decided to extend the deadline to buy, sell and deposit LTC till the 28th June 2022, 5.00 pm (UTC +7).
Immediately after this date and time, you will not be able to deposit, buy or sell LTC.
What happens next?
- LTC trading (LTC/THB) and deposits are allowed until 28th June 2022, 5.00 pm (UTC +7). It will no longer be available to buy/sell or deposit on Zipmex Thailand thereafter (will be delisted from the exchange).
- LTC bonuses will only be available till 27th June 2022, for distribution on 28th June 2022. It will also not be available on the exchange thereafter.
- Withdrawals will still be enabled. Zipmex will hold your LTC for up to 90 days post delisting – till 26th September 2022, 5.00pm (UTC +7) – which will allow you to withdraw until then.
- On the 26th September 2022, 5.00pm (UTC +7), the remaining LTC in your wallets will be converted into USDT per the market rate and airdropped into your trade wallet within 7 days.
Thank you for trading with Zipmex.
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**Disclaimer : Digital assets are a high risk investment, loss of money and/or value is to be expected. Investors should understand and seek relevant knowledge prior to the investment. Investments