What should I know about the KITE contract swap?
Following the incident regarding the Kite Foundation, Bitvavo will support the KITE (KITE) contract swap on the Ethereum (ERC20) network. This article explains the timeline, the swap ratio, and how your deposits, withdrawals, and trading activities are affected.
The KITE contract migration will occur automatically on Thursday, August 20, 2026. Bitvavo will handle all technical requirements for users holding KITE on our platform, meaning you do not need to take any action to participate.
Contract swap details
- Swap ratio: The contract swap will take place at a 1:1 ratio.
- Trading: Trading will not be impacted during the contract swap.
- Deposits and withdrawals: Deposits and withdrawals of the KITE token via the Ethereum (ERC20) network will remain closed until the swap is completed, and will be reopened once the swap has been finalized.
Frequently asked questions
Do I need to do anything to receive the new tokens?
No action is required on your side. Bitvavo will automatically convert your existing KITE balances to the new contract at a 1:1 ratio.
Can I still trade KITE during the swap?
Yes, your ability to buy and sell KITE will not be impacted while the contract swap is taking place.
Will my deposit address change after the migration?
No, your deposit address will remain the same. We always recommend verifying the address on the "Deposit" page before initiating any transfers.
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