[Digital Today Correspondent Ji-gyu Kang] Virtual asset exchange Upbit decided to delist 24 virtual assets on the evening of the 18th.
Upbito announced through a customer notice on the 18th, “On June 11th, we designated Komodo (KMD) and 24 other digital assets as important items and announced that they would carry out the calling process for a week. We conducted an internal check on digital assets, and as a result, we will end trading support for 23 types of digital assets including Komodo (KMD).”
The delisted virtual assets are Komodo (KMD), ADX (ADX), LBR Y Credit (LBC), Ignis (IGNIS), DMarket (DMT), Einsteinium (EMC2), Twelve Ships (TSHP), Lambda (LAMB), Endor (EDR), Pixel (PXL), PICA (PICA), Red Coin (RDD), RingX (RINGX), Byte Token (VITE), ITAM (ITAM), Syscoin (SYS), NXT (NXT), BF Token (BFT), Nucleus Vision (NCASH), Fusion (FSN), Flian (PI), Repio Credit Network (RCN), Profi (PRO), and Aragon (ANT).
Although BASIC has not been delisted, the designation of significant stock has been extended.
Upbit explained that the termination of virtual asset transaction support was made in accordance with the Upbit virtual asset transaction support termination policy.
Upbit will end transaction support for 24 types of virtual assets at 12:00 on June 28, within 10 days of posting the notice. When the transaction support ends, orders placed before the end of the transaction support in the market will be cancelled.
Upbit briefly explained the reasons for the delisting of 24 virtual assets for each virtual asset.
For example, Upbit said that in the case of Komodo (KMD), the industry and related organizations’ awareness of anonymous transmission was not sufficiently resolved, so it was finally determined that it did not meet the transaction support standards. In the case of ADX, he explained that even though it has been a long time since the project was supported by Upbit, it was finally judged that it did not meet the transaction support standards in the evaluation of team capability and business.
Virtual asset exchanges have recently announced that they will designate virtual assets as significant items or delist them one after another. This is in progress ahead of the registration of the Financial Information Analyst (FIU) of the virtual asset exchange.
On the 15th, Coinbit announced on its website 8 types of virtual assets subject to termination of transaction support and 28 types of items that are subject to investment consideration. On the 17th, Bithumb announced that it would end support for trading four virtual assets: Aternity (AE), Aurora (AOA), Dragonbane (DVC), and DVP (DVP).
The delisting of virtual assets by exchanges and designation of significant items is expected to continue for the time being.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.