GMO Coin to delist SAND, CHZ and FIL; lending service ends September 15

  • GMO Coin will delist The Sandbox, Chiliz and Filecoin and end lending.
  • October 24 halts trading; November 7 is the external-wallet withdrawal deadline.
  • Mid-November forced sales will affect balances remaining after the withdrawal deadline.

GMO Coin will end its crypto-asset lending service on September 15 and delist The Sandbox (SAND), Chiliz (CHZ) and Filecoin (FIL). Trading through its sales desk and exchange will stop after scheduled maintenance on October 24, when deposits will also be suspended. Customers must withdraw their holdings to external wallets by November 7; remaining balances are scheduled for forced sale at market prices around mid-November. GMO Coin cited concerns about project continuity, changing liquidity and the potential difficulty of securing counterparties for cover trading, which exchanges use to offset customer-related price risk. The decision follows a broader wave of token delistings by Japanese exchanges amid tighter regulation, stronger competition and reassessments of the costs of supporting thinly traded assets.

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