Upbit confirms delisting of 24 out of 25 significant stocks… Basic extends the notice period

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[Blockchain Today Correspondent Han Ji-hye] Upbit, which caused a lot of confusion in the domestic market by designating a number of cryptocurrencies as significant items, announced on the 18th that 24 out of 25 types were delisted.

Upbit on this day △Komodo △AddX △LBR YCredit △Ignis △DMarket △Einsteinium △Twelve Ships △Lambda △Endor △Pixel △Pica △Redcoin △RingX △Byte Token △ITAM △Syscoin It has announced that it will end its transaction support for a total of 25 cryptocurrencies, including △NXT △BF Token △Nucleus Vision △Fusion △Flian △Ripio Credit Network △Profi △Aragon.

Transactions of all coins except for Basic among the 25 types previously designated as a precautionary item will be terminated. In the case of Basic, it was determined that additional legal review was necessary based on the vocation, so it was confirmed that the company maintained a significant stock and suspended the termination of transaction support.

Upbit stated that the reasons for the termination of support for these coins were insufficient evaluation of team capabilities and business, low scores in business performance and activities on the blockchain network, and low evaluation of technical capabilities and global liquidity.

According to the announcement, the corresponding digital assets will end trading at 12:00 on the 28th, within 10 days after the announcement is posted, in accordance with the Upbit digital asset transaction support termination policy. When the trading support ends, all buy and sell orders requested by the market before the end of the support will be cancelled.

Upbit said, “For coins whose market transaction support ends this time, withdrawal of digital assets is supported for 30 days (until July 19, 2021) from the time the announcement is posted based on Article 18, Paragraph 5 of the Upbit Terms of Use.” Members who need this must be sure to proceed with the withdrawal before that period.”

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