The DAXA, composed of the five major cryptocurrency exchanges in South Korea, will establish a common standard for the delisting review of crypto assets

ChainCatcher news, according to Yonhap News Agency, the Digital Asset Exchange Alliance (DAXA), formed by the five major cryptocurrency exchanges in South Korea, will establish a common standard for terminating support for cryptocurrency trading (delisting). DAXA Secretary General Kim stated: "This will serve as a self-regulatory measure to prevent unhealthy assets that do not meet minimum conditions from circulating in the market, thereby avoiding losses for investors, similar to the standards for reviewing new listings. Currently, we are continuing to develop and apply risk indicators and monitoring methods, and we are reviewing the development of procedures that can technically detect these indicators."

In addition, DAXA is also developing a system that provides alert notifications when there are sudden fluctuations in the price, trading volume, and deposit amounts of specific projects. (Source link)