The five major exchanges in South Korea will delist WEMIX, and WEMIX briefly dropped by 60%

2025-05-02 17:42:46

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According to ChainCatcher news, five South Korean cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—have announced plans to delist the blockchain platform token WEMIX, owned by Wemade, on June 2. Token withdrawals will be terminated on July 2.

The decision to delist this specific token was made by the Korea Digital Asset Exchange Association (DAXA), which includes these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to its designation as a cryptocurrency with investment caution. After a comprehensive review of the issuing entity's credibility and security, it was determined that this asset does not meet the standards for maintaining trading support.

As a result of this news, WEMIX briefly dropped 60% to 0.25 USDT, and has now slightly rebounded to 0.38 USDT.

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Upbit Bithumb Wemix

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