CoinVoice has recently learned from official sources that five South Korean cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, 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 Digital Asset Exchange Association (DAXA) in South Korea, which includes these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to it being designated as a cryptocurrency with investment caution. After a comprehensive review of the credibility and security of the issuing entity, it was determined that this asset does not meet the standards for maintaining trading support.
As a result of this latest news, WEMIX briefly dropped 60% to 0.25 USDT, and has now slightly rebounded to 0.38 USDT. [Original link]