NewsCryptoUpbit and Bithumb Remove Taiko From Delisting Watchlist

Upbit and Bithumb Remove Taiko From Delisting Watchlist

Author: Bitcoinsistemi·

Key Takeaways

  • Upbit and Bithumb have lifted the delisting watchlist status for Taiko (TAIKO).
  • Both exchanges said the concerns that triggered TAIKO’s trading warnings have been resolved.
  • TAIKO will maintain its current listing status on both South Korean exchanges.
  • The decision does not represent a new listing or any additional trading support.
  • The exchanges reviewed areas including operations, technical development, ecosystem structure, and investor-related risk factors.
Upbit and Bithumb Remove Taiko From Delisting Watchlist

Upbit and Bithumb, two major cryptocurrency exchanges in South Korea, have removed Taiko (TAIKO) from their delisting watchlists, according to official announcements from both platforms.

The exchanges said TAIKO had previously been designated for trading warnings but that the issues behind those warnings have now been resolved. Following comprehensive reviews, Upbit and Bithumb concluded that the risk factors that led the token to be placed under monitoring had been eliminated.

As a result, the trading alert on TAIKO has been lifted, and the token will retain its current listing status on both exchanges. The decision does not represent a new listing or a change in trading support beyond the removal of the warning status.

In South Korea, delisting watchlists are used by cryptocurrency exchanges as a monitoring mechanism to notify investors about potential risks linked to listed digital assets. When a token is placed on such a list, the project is reviewed against specific criteria. If required improvements are not made, the token may face full delisting from the exchange.

Upbit and Bithumb reviewed several areas related to TAIKO, including its operations, technical development, ecosystem structure, and other factors that could affect investors. Their final assessments determined that the conditions that originally triggered the trading warning were no longer applicable.

The removal of TAIKO from the delisting watchlist means the token will continue trading on two of South Korea’s largest cryptocurrency exchanges. The decision also indicates that the project has again met the exchanges’ standard listing criteria under their review processes.