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South Korean CEXs such as Upbit and Bithumb have announced the termination of Loom Network (LOOM) transactions

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2025-04-01 06:09:42
On April 1, according to official news, South Korean crypto trading platforms Upbit and Bithumb simultaneously announced that they are about to terminate Loom Network (LOOM) transactions.
Officially, Loom Network (LOOM) has been removed from the membership of DAXA (Korea Association of Digital Asset Trading Platforms). After a thorough review of the Foundation's public disclosures as well as the authenticity and sustainability of the business, etc., it was decided to terminate trading support as LOOM did not meet the criteria for maintaining trading support. Trading (Buy/Sell) termination date and time is tentatively set for Wednesday, May 7, 2025 at 15:00.
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