Upbit to Delist 24 Cryptocurrencies on the 28th... Largest Scale Ever

[Asia Economy Reporter Lee Seon-ae] Upbit, a cryptocurrency (coin) exchange, delisted 24 coins on the 18th. This is the largest scale of delisting ever decided at once within Upbit.

Upbit announced the termination of trading support (delisting) for 24 cryptocurrencies through its homepage at 6 p.m. on the same day. These coins will be finally delisted at 12 p.m. on the 28th.

Earlier, on the 11th of this month, Upbit announced the removal of the Korean won market pairs for 5 coins along with the designation of 25 coins as trading caution items. The removal of the Korean won market pairs means stopping Korean won trading, which is different from delisting where trading ends on all markets.

Upbit decides the final termination of trading support after a detailed review for one week following the designation as caution items. Among the 25 coins at that time, Upbit decided to terminate trading support for 24 coins excluding BASIC on this day.

In the case of Pixel (PXL) and PICA (PICA), Upbit stated, "Unreleased circulation and market sales to investors were confirmed, and although a clarification process was conducted, according to Upbit’s strengthened judgment criteria, these actions were finally judged to be irreparable fatal issues."

For others such as BFT (BFT), Nucleus Vision (NCASH), Plian (PI), Ripio Credit Network (RCN), and Aragon (ANT), Upbit explained that they requested clarifications but did not receive any separate replies.

Upbit explained that the remaining 16 coins were delisted because they "did not meet Upbit’s trading support standards."

Regarding the maintenance of BASIC’s designation as a caution item, Upbit stated, "Based on the BASIC team’s clarification, it was judged that additional legal review was necessary."

Among the coins whose trading support termination was decided on this day, those listed on the Korean won market generally fell more than 10%, such as Endor, which dropped 27.36% (compared to the closing price). On the other hand, Ignis is rising sharply by nearly 30%.