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Bitvavo Will Delist Rally (RLY) on March 27th

Mar 17, 2023 2 min read
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  • Deposits will be available until March 24, at 15:00 CET.

  • Withdrawals will be available until March 27, at 9:00 CET.

  • Trading will be stopped on March 27, at 9:00 CET.

If you still hold an Rally (RLY) balance after the market closes, Bitvavo will facilitate a conversion:

  • Your balance will be sold on an external market for an average market price in the days after trading will be stopped.

  • On March 29, 2023, at 15:00 CET, we will credit the result of this conversion to your Bitvavo Account.

Please note:

  • All open orders will be cancelled once trading is stopped.

Why is Bitvavo delisting Rally?

When we delist digital assets, certain aspects are taken into account. For example the underlying value of the digital asset, interest within our customer base, and market liquidity. Bitvavo concluded that this is no longer the case for Rally (RLY).

If you have any questions regarding this delisting process, please contact our support team at [email protected].

[Dutch] Bitvavo stopt de handel in Rally (RLY) op 27 maart 2023. Wij hanteren daarbij de onderstaande tijdslijnen:

  • Stortingen zijn beschikbaar tot 24 maart om 15.00 uur

  • Opnames zijn beschikbaar tot 27 maart om 9.00 uur

  • Bitvavo stopt de handel in RLY per 27 maart 2023 om 9:00 uur

Heb je nog Rally (RLY) saldo nadat de handel is stopgezet? Dan faciliteert Bitvavo een conversie voor je. Wat betekent dit?

  • Jouw saldo wordt verkocht op een externe markt voor een gemiddelde marktprijs, in de dagen nadat de handel is gestopt.

  • Op 29 maart 2023, 15:00 CET zullen we het resultaat van deze conversie bijschrijven op je Bitvavo account.

Enkele details:

  • Alle openstaande orders worden geannuleerd zodra de handel is gestopt.

Waarom stopt Bitvavo de handel van Rally?

Wanneer we de handel van een asset stopzetten op ons platform, houden we rekening met verschillende elementen. Denk hierbij aan de onderliggende waarde van de asset, de interesse binnen ons klantenbestand en de liquiditeit van de markt. Bitvavo heeft geconcludeerd dat dit voor Rally (RLY) momenteel onvoldoende is.

Heb je vragen over dit proces? Neem dan contact op met ons support team via [email protected].

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