Crypto.com Exchange Delists TOWNSUSD-PERP and SNEKUSD-PERP
The exchange says both perpetual contracts are delisted and any remaining open positions were automatically settled and closed using TWAP, with taker fees charged.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
Crypto.com Exchange announced that TOWNSUSD-PERP and SNEKUSD-PERP perpetual contracts have been delisted from the Crypto.com Exchange/Advanced Trading Platform. The announcement states that any remaining open positions were automatically settled and closed using Time-Weighted Average Price (TWAP), and that taker fees were charged for automatic settlements. The source does not establish any required action for readers; it only provides a contact channel for questions. This content is not investment or trading advice.
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TOWNSUSD-PERP and SNEKUSD-PERP perpetual contracts have been delisted from Crypto.com Exchange/Advanced Trading Platform.
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Any remaining open positions were automatically settled and closed using Time-Weighted Average Price (TWAP).
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Taker fees were charged for automatic settlements.
Key timeline
Crypto.com Exchange publishes the delisting announcement for TOWNSUSD-PERP and SNEKUSD-PERP.
Who may be affected
- Users with open positions in TOWNSUSD-PERP or SNEKUSD-PERP on Crypto.com Exchange/Advanced Trading Platform.
Impact analysis
The confirmed operational consequence is that TOWNSUSD-PERP and SNEKUSD-PERP are no longer listed on Crypto.com Exchange/Advanced Trading Platform. For any positions still open at the time of delisting, the exchange automatically settled and closed them using TWAP. Taker fees were applied to those automatic settlements. The source does not state whether trading was suspended before delisting, whether users could close positions manually, or how the TWAP price was determined. It also does not describe any effect on other contracts, assets, or account features. Users outside the scope of these two perpetual contracts are not addressed by the announcement. This content is not investment or trading advice.
What the announcement does not say
The source does not disclose the exact delisting time, the TWAP calculation window or methodology, the fee rate applied, or whether any manual close period was offered before automatic settlement.
Risk notes
- Automatic settlement using TWAP may result in a closing price that differs from the last traded price or a user's preferred exit price; the source does not guarantee any particular price outcome.
- Taker fees were charged on automatic settlements, reducing the net proceeds of the closed positions.
- The source does not state whether users could have closed positions manually before delisting, so the availability of alternative exit routes is not established.
- This article is only for verifying the exchange's official announcement and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
What happened to TOWNSUSD-PERP and SNEKUSD-PERP?
They have been delisted from Crypto.com Exchange/Advanced Trading Platform, according to the announcement.
What happened to open positions?
The source states that any remaining open positions were automatically settled and closed using Time-Weighted Average Price (TWAP).
Were fees charged?
Yes, the announcement states that taker fees were charged for automatic settlements.
Do I need to take any action?
The source does not establish any required action. It only provides a contact channel for questions.
How can I get more information?
The announcement directs users to contact chat.crypto.com for questions.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.