WOO X, a prominent cryptocurrency exchange, will discontinue LUNA support starting July 11, 2025, with wallet services ending two days earlier for all users.
This action underscores WOO X’s strategy to mitigate liquidity risks while optimizing revenue growth, impacting both LUNA holders and exchange operations.
WOO X Issues Notice on LUNA Delisting Timeline
WOO X has formally issued a notice to users about its intent to cease LUNA support by July 2025. The exchange clarified the timeline, allowing users until July 9 to manage their LUNA holdings. This decision is a proactive risk management measure.
Co-founder Jack Tan cited previous market volatility as a rationale for the delisting. Enhanced focus on core assets through AI-assisted financial tools shows a commitment to reinforcing their current platform strength.
WOO X Moves to Streamline Operations with LUNA Delisting
LUNA’s removal from WOO X will likely reduce the asset’s liquidity, potentially prompting changes across its market price. The exchange is leveraging this move to hone its operational efficiency by focusing on profitable token trades.
WOO X’s Q1 2025 report shows a 3.5x revenue increase, illustrating stability for the platform. Historical trends suggest improved efficiency but may necessitate strategic partnerships to replace LUNA’s liquidity contribution.
“Users are strongly advised to withdraw their tokens before this deadline to avoid asset loss… The token swap will be processed and credited to respective accounts within 5 working days after the wallet service removal.” — WOO X Team, Official Team, WOO X
Previous Delistings Indicate Potential Trading Volume Increases
Historically, delistings, such as after major protocol turmoil, have led to reduced engagement in certain assets but helped exchanges streamline operations. Past instances show increased trading volume for remaining tokens post-delisting.
According to experts from Kanalcoin, WOO X’s AI integration could offset potential shortfalls from the LUNA delisting, enhancing user engagement and attracting higher trading volumes through smarter asset management tools.
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