Discontinuation of trading of “Kinka,” a cryptocurrency linked to the price of gold, on “BitMart” due to the discontinuation of the “BitMart” cryptocurrency trading platform business
BitMart (an overseas cryptocurrency trading platform); Kinka(BVI),Ltd. (the issuer of Kinka)
The “BitMart” cryptocurrency trading platform; the “Kinka” cryptocurrency (ticker symbol: XNK)
BitMart is discontinuing its trading platform business
The impact of this matter on results is considered minor. If circumstances arise that require disclosure, the company will promptly announce them.
Company response
New user registrations, deposit services and new orders will be phased out from 1:30 on 26 July 2026 (UTC). Spot trading, futures trading and all other trading services will end at 1:00 on 26 August 2026 (UTC). Operation of the trading platform is scheduled to formally end at 15:59 on 31 January 2027 (UTC).
Kinka will no longer be tradable on BitMart, but Kinka itself will not cease to exist. Kinka holders will be able to sell their holdings on CoinW Exchange and convert them into USDT, while holders of at least a specified amount will be able to request an exchange for gold bullion through Kinka’s service website. BitMart is scheduled to formally cease operations on 31 January 2027.
If circumstances arise that require disclosure, the company will promptly announce them.
| Item | Details |
|---|---|
| Event name | Discontinuation of trading of “Kinka,” a cryptocurrency linked to the price of gold, on “BitMart” due to the discontinuation of the “BitMart” cryptocurrency trading platform business |
| Date of occurrence | 26 July 2026 (the date BitMart announced the discontinuation of its trading platform business) |
| Subject Entity | BitMart (an overseas cryptocurrency trading platform); Kinka(BVI),Ltd. (the issuer of Kinka) |
| Target Locations / Products | The “BitMart” cryptocurrency trading platform; the “Kinka” cryptocurrency (ticker symbol: XNK) |
| Cause | BitMart is discontinuing its trading platform business |
| Impact on Earnings Forecast | The impact of this matter on results is considered minor. If circumstances arise that require disclosure, the company will promptly announce them. |
| Suspended operations | New user registrations, deposit services and new orders will be phased out from 1:30 on 26 July 2026 (UTC). Spot trading, futures trading and all other trading services will end at 1:00 on 26 August 2026 (UTC). Operation of the trading platform is scheduled to formally end at 15:59 on 31 January 2027 (UTC). |
| Outlook | Kinka will no longer be tradable on BitMart, but Kinka itself will not cease to exist. Kinka holders will be able to sell their holdings on CoinW Exchange and convert them into USDT, while holders of at least a specified amount will be able to request an exchange for gold bullion through Kinka’s service website. BitMart is scheduled to formally cease operations on 31 January 2027. |
| Planned follow-up disclosure | If circumstances arise that require disclosure, the company will promptly announce them. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.BitMart announced that it would discontinue its trading platform business. The company explained that the impact on results would be minor because Kinka revenue accounted for less than 0.1% of the ¥8,043 million in “gold bullion” revenue for the fiscal year ending March 2026.