Uphold to Delist Multiple Cryptos | Users Express Frustration
By
John Doe
Edited By
Jonathan Carter
The Uphold platform announced a significant change, planning to cut support for several cryptocurrencies, including Chia (XCH), after April 30, 2025. This decision has left many people seeking alternatives to manage their digital assets.
Uphold's email outlined that Qtum (QTUM), Serum (SRM), Autonolas (OLAS), Wise Monkey (MONKY), NEO (NEO), ICON (ICX), and IMVU (VCORE) will also be removed, stirring unrest among those holding these tokens. With this unexpected announcement, some users are scrambling for answers, especially in the U.S., where regulations can be restrictive.
"I’m saddened but also a little angry that I might have to realize losses when I intend to hold for a lot longer," said one user, expressing shared concerns about the upcoming delistings.
User Concerns and Reactions
People are voicing a mix of frustration and uncertainty. Here are a few main themes:
Migration Options: Many users are asking about how to migrate their XCH to personal blockchain wallets, seeking safer spaces for their investments.
International Exchanges: Some have suggested using a VPN to access international exchanges like CoinEx as a workaround. One comment simply stated, "Just use a VPN with CoinEx or another international exchange."
Market Sentiment: The overall sentiment leans negative, with concerns about losses and a lack of local options. An exhausted sigh summed up the feelings for many: "(exhausted sigh)."
Key Points to Note
🚫 XCH and several other cryptocurrencies will be delisted from Uphold by April 30, 2025.
🎭 Users are frustrated with potential losses and limited migration options.
💻 There are suggestions to use VPNs to access international exchanges for trading.
Looking Ahead
As the deadline approaches, it remains uncertain how many users will transition away from Uphold or what steps the platform may take to address these concerns. Will more exchanges follow suit? Only time will tell, but for now, users seem to be feeling the heat of this sudden shift in the market.