South Korea’s largest cryptocurrency exchange Upbit’s delisting decision for an altcoin caused a big drop.
Upbit announced on its official website on June 29, that South Korea’s leading 4 cryptocurrency exchanges of the Digital Asset Exchange Association (DAXA) Augur (REP) He said he would delist.
Upbit stated that they took the delist decision by confirming that almost none of the services provided by the project are working properly.
In the statement, REP/KRW And REP/BTC trading pairs as of July 13 trading will be suspended With the end of transaction support when specifying all orders will be canceled highlighted.
With the last update, nothing specific to REP update, airdrop or hard fork reported not to be supported.
On the other hand, even if the stock market terminates its transaction support, Augur withdraws after delisting. that they will support 30 more days said and gave users before August 12 withdraw their assets He recommended.
late last year WAVES, DAXA by “investment alertmarked as ”, had suffered a great loss of value.
South Korea where altcoin dominance is very high such warnings And in delists It can have a huge impact on price.
Accordingly, according to CoinGecko data, REP 4.83 from dollar levels to 20% with a near fall 3.83 fell to dollar levels. REP, at the time of writing From $3.91 levels is being traded.