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South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have announced in a joint statement that they have delisted Storj (STORJ), ThunderCore (TT), and JasmyCoin ($JASMY). The exchanges stated that the tokens would be removed from their platforms due to unresolved issues that previously led to their inclusion on a trading alert list.
According to the announcement, trading support for STORJ, TT, and $JASMY will end on September 14th at 09:00. Users will no longer be able to trade these tokens after this date. Exchanges emphasized that investors should complete any necessary transactions before the specified date to avoid potential losses.
Upbit and Bithumb periodically review the digital assets they list, evaluating criteria such as project development, trading volume, liquidity, community activity, transparency, and regulatory compliance. Projects that struggle to meet these standards are first placed on watchlists or trading alert lists to warn investors. If the problems persist, a delisting decision may be implemented.
Meanwhile, Coinone, another major South Korean cryptocurrency exchange, has also made a new announcement regarding Storj (STORJ). Coinone announced that the delisting review process previously initiated for STORJ has been extended. This means that the final decision regarding the token’s future on the platform will be made at a later date.
Following these developments, investors began closely monitoring the price performance of the relevant tokens and their trading volumes on exchanges. Delisting decisions by major exchanges in the cryptocurrency market can generally put downward pressure on prices in the short term.
Experts say investors should pay attention not only to price movements but also to statements regarding the technical development level of projects, the size of the ecosystem, and the regular review processes of exchanges. It is believed that these decisions made in the South Korean market could have significant consequences for the global visibility of the relevant projects.
*This is not investment advice.