According to ChainCatcher, Korean crypto trading platforms Upbit and Bithumb simultaneously announced that they will terminate trading for Loom Network (LOOM). The official statement noted that Loom Network (LOOM) has been removed from the DAXA (Korean Digital Asset Exchange Association) membership.
After a comprehensive review of the foundation's public disclosure and the authenticity and sustainability of its business, they decided to terminate trading support because LOOM does not meet the standards for maintaining trading support.
The trading (buy/sell) termination date and time are tentatively set for May 7, 2025 (Wednesday) at 15:00.
