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Bithumb and Other South Korean DAXA Members to Delist ALEX Token Collectively

Summary: According to official announcement, South Korean cryptocurrency exchange Bithumb has declared that members of the South Korean Digital Asset Exchange Association (DAXA) plan to cease trading support for ALEX. Bithumb exchange announcement indicates that trading of ALEX will stop on August 11 and withdrawal function will be closed on September 11. The exchange stated that ...

According to official announcement, South Korean cryptocurrency exchange Bithumb has declared that members of the South Korean Digital Asset Exchange Association (DAXA) plan to cease trading support for ALEX. Bithumb exchange announcement indicates that trading of ALEX will stop on August 11 and withdrawal function will be closed on September 11. The exchange stated that despite the project team submitting explanatory materials, they failed to resolve trading risk warning issues, and after evaluation, it was deemed that the token does not meet the standards for continued trading.

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