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South Korea’s New KOSDAQ Market-Cap Rules Put Some Crypto-Treasury Firms at Delisting Risk

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2026-06-29 02:14:59
South Korea will implement revised KOSDAQ listing rules on July 1 that raise market-cap maintenance requirements, putting some listed firms that profited from crypto-asset investments at risk of delisting.

According to ChainCatcher, citing The Chosun Ilbo, several so-called digital asset treasury (DAT) companies may fail to meet the tightened thresholds as crypto markets remain weak and funds continue to flow out of KOSDAQ.

Korea Exchange data show Bitmax closed down 6.3% on June 26 to 1,228 won, with a market capitalization of 1.31 billion won, below the 2.0 billion won minimum required for the second half of the year. Parataxis Ethereum had a market capitalization of 2.68 billion won and BitPlanet 3.31 billion won, but Parataxis Ethereum would not meet the higher 3.0 billion won standard set to apply in January next year.

Separately, Parataxis Korea has been under substantive review of its listing eligibility and has been suspended from trading since April due to capital impairment.

The report said the delisting risk is being driven mainly by weaker crypto-asset prices and KOSDAQ outflows. If the decline in market capitalization continues, affected DAT firms could begin entering delisting procedures from early next year, starting with Bitmax.
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