KuCoin to Remove Cross Margin Trading for AEVO, WCT, and ANIME Tokens

KuCoin announced plans to delist cross margin trading for three tokens–AEVO, WCT, and ANIME–starting early June. The platform will halt margin trading, lending, borrowing, and related transfer functions for these tokens between June 2 and June 4, UTC. This move imposes significant operational deadlines for traders exposed to these assets on KuCoin’s margin platform.

The exchange urges users to proactively close open orders and positions, repay outstanding loans, and transfer tokens out of margin accounts before the cutoffs. After these dates, margin account functions involving the delisted tokens will be suspended–users won’t be able to manage positions or lend and borrow these tokens in cross margin. However, transfers out of margin accounts remain unaffected.

KuCoin’s clearing mechanism will automatically cancel open orders and trigger forced liquidation of any outstanding margin positions tied to AEVO, WCT, and ANIME. The system will then repay loans and consolidate remaining assets–both from cross margin and isolated margin accounts linked to these tokens–into users’ main accounts. Importantly, if the post-liquidation debt ratio hits or exceeds 85%, KuCoin will force asset liquidation, converting residual delisted tokens into USDT and holding them within the margin account.

This process also affects KuCoin’s margin grid trading bots. Users running bots on these tokens must shut them down before the deadline; failure to do so will result in automatic suspension by the system.

API users are advised to terminate subscriptions connected to the index and mark prices for the delisted tokens in advance to avoid disruptions.

The removal of these tokens from margin trading likely reflects liquidity or regulatory challenges, although KuCoin hasn’t issued a detailed rationale. Traders holding these assets must manage their risk carefully, as sharp price swings could accelerate forced liquidations or trigger earlier delisting.

The coming days present clear deadlines for managing AEVO, WCT, and ANIME exposure on KuCoin’s margin infrastructure. Users should monitor their debt ratios closely and ensure loans are repaid well before June 2 to avoid automatic liquidations or asset conversion losses.