Dear CoinEx users,
According to the official announcement, the Verified USD Foundation will cease support for USDV on December 31, 2024, and all USDV holders can exchange their tokens for USDC at a 1:1 ratio. CoinEx will support this plan, the details are as follows:
USDV Services
1. CoinEx will terminate the deposit and withdrawal services of USDV at 07:00 on Nov 28, 2024 (UTC).
2. AMM fund in USDV/USDT trading pair will be refunded at 06:30 on Nov 28, 2024 (UTC).
3. USDV/USDT trading pair, including spot grid and auto-invest plan will be delisted. ALL orders in this market will be canceled at 07:00 on Nov 28, 2024 (UTC).
Assets in Account
According to the official announcement, CoinEx will convert users’ USDV holdings to USDC at a 1:1 ratio and then distribute them to the spot account. After the conversion is completed, a separate announcement will be made.
Notes
1. CoinEx will no longer support USDV deposit, withdrawal, and trading services. Please do not deposit after 07:00 on Nov 28, 2024 (UTC) to avoid unnecessary asset losses.
2. For more details, please refer to: Notice Regarding the Removal of USDV and Conversion of USDV to USDC
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Nov 27, 2024