Upbit Adjusts IoTeX Trading Policy
South Korea's leading cryptocurrency exchange Upbit has officially announced the inclusion of IoTeX (IOTX) in its high-risk trading category. According to the official statement, deposit functions for this token have been completely suspended, while withdrawal services remain operational.
Market Response and Investor Actions
This decision has quickly generated industry discussions, with investors carefully evaluating its potential impact. Users are currently only allowed to withdraw existing holdings, with no further buying or deposit options available.
- Deposit functionality suspended
- Withdrawal services remain open
- High-risk status under continuous monitoring
Upbit emphasized that this move aims to protect investor interests and aligns with its risk management framework. Future reinstatement of related functions will depend on further evaluation and official announcements.