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Alchemint has announced Bitforex will delist the SDS token effective Monday, January 7th. Bitforex is a centralized exchange incorporated in the Republic of Seychelles, an island off the East Coast of Africa.

At the time of publication, Bitforex is ranked #12 on CoinMarketCap’s 24-hour volume rankings, with $198.9 million in 24-hour volume.

In its announcement, Alchemint stated Bitforex was one of the first exchanges that listed its SDS token. However, the two entities weren’t able to effectively cooperate to provide support for listing the token.

Users who hold SDS tokens on Bitforex are highly urged to withdraw their SDS tokens to another exchange or wallet before Wednesday, February 6th.

Moving forward, users will be able to trade SDS tokens on Switcheo or Bibox.