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International Business Times UK
International Business Times UK
Jomar Teves

Kadena Price Falls 65 Per Cent as Crypto Exchanges Begin Delisting After Shutdown News

X Crypto blockchain KDA Bitcoin Bybit OKX JPMorgan
Stock and Crypto Market Values (Credit: Maxim Hopman/Unsplash)

Kadena's KDA token has dropped more than 65 per cent after the company behind the blockchain announced it will cease operations. The move has led major cryptocurrency exchanges to start removing the token from their listings, raising concerns about investor losses and the project's long-term viability.

Bybit and OKX confirmed on Wednesday that they are in the process of delisting Kadena's KDA token. OKX suspended deposits earlier in the week and plans to stop spot trading on 26 October before removing all KDA pairs on 29 October. Customer withdrawals will remain open until 22 January 2026.

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