Delistings on Meria

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Hello 👋

This article explains everything you need to know about delistings on Meria.

Table of Contents:

  1. What is a delisting?

  2. Why can a token be delisted?
    2.a. Illiquidity cases

  3. How can I know if a token will be delisted?

  4. Meria is delisting a token I bought—what should I do?

  5. Legal notes

1/ WHAT IS A DELISTING?

As a cryptocurrency exchange platform, we regularly review the assets available on our platform to ensure they still meet the standards we have set.

When we determine that an asset no longer meets the required conditions to justify its presence within our services, we conduct a detailed analysis to adjust our position. In some cases, this analysis results in the delisting of the asset from our services.

In other words, certain tokens are removed from the platform, and all operations (purchases, exchanges, withdrawals) will be disabled for the token in question.

We understand that for users who are new to cryptocurrency investing, these events may seem surprising. However, this is a common practice among exchanges, aimed at maintaining the quality of the services provided.

2/ WHY CAN A TOKEN BE DELISTED?

To make this type of decision, we rely on numerous financial and fundamental criteria:

  • Market liquidity

  • Indicators of sustained growth within the ecosystem

  • Ability to meet the established roadmap

  • Project activity (technical and public communication)

  • Team commitment

  • Community engagement

  • Regulatory considerations

Illiquidity cases:

Among these different scenarios, the most complex for us involves low-liquidity tokens.

An illiquid token is a token that cannot be traded without impacting its price or the amount of stablecoin received during the exchange. When a token becomes illiquid, it is an unpredictable event over which we have no control.

In other words, when we delist a token for this reason, it is already too late for us to ensure proper trading conditions. In a context where small amounts can significantly impact its price, transactions could be executed at prices disconnected from reality.

In such cases, we recommend withdrawing your tokens to an external wallet or another exchange platform.

3/ HOW CAN I KNOW IF A TOKEN WILL BE DELISTED?

Delisting decisions are complex, and we do our best to avoid disrupting our clients’ investments.

That’s why we aim to be as proactive as possible:

👉 Preventive emails: All affected clients are systematically notified by email as soon as the decision is made internally.

👉 Timeframe: We provide a minimum notice period of one month to allow all clients to take the necessary actions.

👉 Tutorials: We have created several detailed tutorials to guide you through the process.

👉 Customer support: Our support team is trained on these topics to provide additional assistance if needed.

4/ MERIA IS DELISTING A TOKEN I BOUGHT—WHAT SHOULD I DO?

This depends on the token, and you will be informed of the available options depending on the token and its situation.

Generally:

  • Either the token is illiquid, and we will ask you to withdraw it from the platform; otherwise, the funds may be lost.

  • Or the token remains sufficiently liquid for us to process exchanges, in which case you will be able to withdraw or trade it. If no action is taken, the tokens will be automatically converted into stablecoins on the delisting date.

5/ LEGAL NOTES

Here is an excerpt from our Terms and Conditions, which you accepted when creating your account:

“Meria reserves the right to remove certain Digital Assets from sale (‘delisting’), purchase, exchange, or any other service, including Staking or Lending, without prior notice.

In certain cases of ‘delisting’, the Client understands that exchange and withdrawal of the concerned Digital Asset will no longer be possible once it has been removed from the Meria platform and from the Client’s wallet on their account. [...]

Exceptionally, the Client also understands that they may not be able to withdraw their Digital Assets in the event of bankruptcy of the Counterparty or Protocol, insolvency, or failure of the Digital Asset in question. Furthermore, they may not be able to exchange their Digital Assets in the absence of liquidity or for any other reason beyond Meria’s control.

The Client understands and accepts the risks associated with these specific situations. In such cases, the Digital Asset may be considered a total loss.”

Feel free to contact us by creating a ticket on this page:
https://www.meria.com/contact 😊

See you soon,
The Meria Team

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