Major crypto exchanges Bybit and OKX have begun delisting Kadena's KDA token following a 65% price plunge. The move comes after the company behind the Kadena blockchain announced plans to shut down. This development signals challenges for the blockchain project.
On October 22, 2025, crypto exchanges Bybit and OKX announced they are pulling trading services for Kadena's native token, KDA. The decision follows a sharp 65% decline in KDA's price, triggered by the revelation that the company operating the Kadena blockchain intends to close down.
The Kadena blockchain, known for its scalable proof-of-work architecture, now faces an uncertain future as its supporting entity winds down operations. Exchanges like Bybit and OKX, which facilitate trading for numerous cryptocurrencies, cited the shutdown plans as the primary reason for delisting. This action will prevent users from buying or selling KDA on their platforms, potentially exacerbating the token's value drop.
No specific timeline for the full delisting was detailed in the announcements, but such moves typically aim to protect users from further volatility. The Kadena project's closure highlights ongoing risks in the crypto sector, where project viability can drastically impact token performance.