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Abstract:KikiTrade is transitioning away from centralized exchanges to decentralization, discontinuing custodial services after February 2024. Users are reminded to withdraw any funds remaining in their KikiTrade trading accounts.
In a strategic move responding to industry challenges and aiming to empower its community, KikiTrade, established in 2020, has decided to transition away from centralized exchange operations and discontinue asset custodial services. The platform will be rebranded as “Kiki” to reflect its renewed focus on decentralization and user empowerment.
Starting in January 2024, Kiki will integrate non-custodial wallet services, encouraging users to take control of their assets. Notably, trading, deposit, and C2C services will be maintained until February 28, 2024. By May 30, 2024, the centralized wallet service will be completely phased out, requiring users to access the platform through their private wallets.
The SMS above was sent by KikiTrade as a reminder for its users.
KikiTrade is a Hong Kong-based online platform launched in 2020, primarily focused on cryptocurrency trading and Web3 exploration. The company positions itself as a “Social X Cryptocurrency Platform,” aiming to provide a community-driven experience for users navigating the world of crypto.
This shift emphasizes the platform's commitment to the principles of decentralization, providing users with complete control and custody over their crypto assets. The move is driven by the desire to minimize risks associated with centralized exchanges, such as hacking or theft.
Kiki's roadmap for Q1 2024 includes completing the rebranding process and introducing features and products to enhance accessibility to Web3. “Kiki Learn,” a Zero to Hero Web3 tutorial, will be launched, along with dedicated community features for influencers, investors, and project teams.
The platform envisions becoming a comprehensive social gateway in the Web3 space, continuously introducing innovative technologies and applications. Kiki expresses gratitude for the community's support and invites users to explore new possibilities on this transformative journey towards a vibrant Web3 community.
In summary, KikiTrade's decision to shift towards decentralization and non-custodial services reflects a commitment to user empowerment and security. The phased transition will ensure a smooth experience for users, providing them with complete control over their crypto assets.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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