[Coinone] Notice on Designation of Trading Caution Items: Cloudbric (CLBK) and 7 Others

Coinone Notice on Designation of Trading Caution Items: Cloudbric (CLBK) and 7 Others

Hello, this is Coinone. Coinone has supported trading for each virtual asset after rigorous review in order to build a sound virtual asset ecosystem. In accordance with the “Policy on Designation of Trading Caution Items and Termination of Trading Support,” we hereby notify you that Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), FANCY (FNCY), ISKRA (ISK), Everyworld (EVERY), HAVA (HVH), and sKLAY (SKLAY) have been designated as trading caution items. If you hold any of these virtual assets, please be sure to review this notice and refer to it when using our services.

Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), FANCY (FNCY), ISKRA (ISK), Everyworld (EVERY), HAVA (HVH), and sKLAY (SKLAY) have been designated as trading caution items by member firms of the Digital Asset eXchange Alliance (DAXA). DAXA member firms may take measures such as issuing cautions, designating trading caution items, and terminating trading support in order to protect users. Therefore, if you hold any of these virtual assets, please be sure to review this notice and refer to it when using our services. Reasons for designation as trading caution items Market capitalization requirement* Not met: Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), FANCY (FNCY), ISKRA (ISK), Everyworld (EVERY), HAVA (HVH)* The combined market capitalization across domestic and overseas exchanges was below KRW 4 billion for 30 or more days within the quarter for two consecutive quarters Turnover requirement* Not met: Cloudbric (CLBK), LoungeM (LZM), sKLAY (SKLAY)* Among assets with a combined market capitalization of less than KRW 50 billion, the quarterly average daily turnover on our exchange and other KRW-based exchanges was below 1% Based on the above, these virtual assets are deemed to carry a high likelihood of user harm if trading support is maintained; accordingly, to prevent further user harm, these virtual assets will be designated as trading caution items for approximately the next 3 months.

Notes ⁃ When an item is designated as a trading caution item or trading support is terminated, deposits of the relevant virtual asset may be suspended. In such cases, we will provide guidance via a separate notice. ⁃ Coinone will decide whether to extend, lift, or terminate trading support for the relevant virtual assets after a close review. The designation period may be extended during the explanation procedure and review process, and if the reasons for designation are not resolved, trading support may be terminated. In such cases, we will provide guidance via a separate notice. ⁃ If you invest in virtual assets designated as trading caution items, please exercise extra caution.

Coinone will continue to do our best to foster a healthy and transparent virtual asset ecosystem.

Thank you.

Sincerely,

Coinone Team

*This information is generated automatically.