Announcement regarding CFD developments

The CFD team issued a notice on 20 November 2017 morning Beijing time (UTF+8), claiming there was some legal complications with its contracts. Development was to be stopped indefinitely which caused a sharp drop in CFD token price. In the evening of 20 November 2017, CFD shut down its official website and social media accounts. In order to protect the interests of investors, Kucoin has suspended trading of CFD and are actively seeking contact with the CFD team. We have also started to implement an emergency loss prevention programme to help reduce the losses of CFD token investors. If the Kucoin team is unable to contact the CFD team shortly, and reenable normal trading, the final decision on trading stoppage will be made in a follow-up announcement on the website. As a responsible cryptocurrency exchange, Kucoin promises to do it’s utmost to maximize the profits and security of its customers, but we remind you that investing in cryptocurrencies is extremely risky, please be careful and only participate at your own risk.