CoinDCX Sparks Outrage with Sudden Delisting of 50+ Margin Trading Pairs

India's leading cryptocurrency exchange CoinDCX has ignited fierce backlash after delisting over 50 margin trading pairs without prior warning. The abrupt removal, implemented without notice, triggered forced liquidations, unexpected tax deductions (TDS), and significant financial losses for traders across the platform.

The controversial move surfaced on social media as affected users reported waking up to automatically closed positions, with no opportunity to exit trades or mitigate losses. Particularly alarming was the inclusion of major trading pairs in the delisting, leaving no safe harbors for traders.

Crypto community members swiftly compared the incident to previous controversies surrounding WazirX, questioning the exchange's operational transparency. While CoinDCX issued a post-facto announcement, traders criticized the lack of protective measures, clear communication, or accountability mechanisms for such market-moving decisions.

This incident highlights growing concerns about risk management protocols at Indian crypto exchanges, particularly regarding margin products that amplify both potential gains and losses in volatile market conditions.