At a glance

  • Upbit has announced the end of trading support for 25 tokens so far in 2026, against 12 in all of 2025, according to a CryptoWatchDesk count of the trading notices on its notice board.
  • Three came last week: Blast (BLAST) on 14 Oct, Sophon (SOPH) on 15 Oct and Zilliqa (ZIL) on 16 Oct. Rival Bithumb said it would drop six tokens and ZIL on 16 Nov, TechM reported.

Upbit’s 2026 delisting notices began with GoChain (GO) in January and include well-known names such as Bonk (BONK) in July and JasmyCoin (JASMY), Storj (STORJ) and Synthetix (SNX) in August, the exchange’s notices show.

Trading in ZIL and SOPH on Upbit ends at 15:00 KST (06:00 UTC, 08:00 CET) on 16 Nov, according to the ZIL and SOPH notices. The BLAST notice also suspended withdrawals because of the network’s planned transition.

Sophon’s team has said its chain will shut on 30 Nov, as CryptoWatchDesk reported in Sophon’s shutdown and withdrawal deadline.

Who is on watch

A delisting on Upbit usually follows a caution designation, a warning label the exchange attaches while it reviews a token. Since 13 Oct Upbit has designated Blur (BLUR), Hive Dollar (HBD) and district0x (DNT), and extended the review of MANTRA, its notices show. A designation is not a delisting, and tokens have had labels lifted: Injective (INJ) was cleared on 22 Sep.

Upbit and Bithumb together have announced 76 delistings this year, up from 39 last year, News1 reported on Wednesday, with Bithumb’s count rising to 53 from 26. News1 puts Upbit at 23, against 13 last year. Its counting method is not stated, and our count is based on notice dates, which may explain the gap.

The rules behind the cuts

Exchanges apply best-practice rules set by DAXA, the self-regulatory alliance of Korea’s won-market exchanges, News1 said. A token can be designated if its combined market value across Korean and overseas exchanges stays below ₩4 billion (about $3.0 million or €2.7 million) for 30 days or more in each of two straight quarters, according to News1 (our translation).

For tokens worth less than ₩50 billion (about $37.5 million or €33.4 million), a daily turnover rate below 0.01 on both the exchange and other won exchanges also counts, News1 said. Missing a threshold triggers a review, not an automatic delisting.

Project wind-downs are adding to the list. Bithumb ended support for Across Protocol (ACX) on 12 Oct after the project said it would phase out token operations, and both exchanges dropped BLAST after its team said it would stop running the network, News1 reported.

The trend is not new. Korea’s Financial Intelligence Unit (FIU) counted 673 tokens traded on Korean exchanges at the end of June, of which 60 were “kimchi coins”, projects with Korean roots, down from 183 at the end of June 2023, TechM reported, citing the FIU’s survey of virtual asset service providers.

For the week’s other Korean policy news, see Tuesday’s crypto tax meeting and Sunday’s Asia Ten.

Bithumb’s six tokens, AZIT, CUDIS, FANC, TEMCO, EGG and STAT, stop trading at 15:00 KST on 16 Nov, the same time as ZIL on both exchanges, TechM reported.

Won conversions use ECB reference rates of 16 Oct 2026.

This article is for information only and is not investment advice.