[Upbit] Notice on Termination of DAD Trading Support (1/31 15:00)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

DAD will have its trading support terminated by the members of the Digital Asset eXchange Alliance (DAXA). DAXA members can take measures such as urging caution, designating items of concern for trading, and terminating trading support to protect investors.

• Reference: [Trading] Notice on Designation of DAD and Bitcoin Gold as Items of Concern for Trading

• Reference: [Trading] Notice on Extension of Designation Period for DAD as an Item of Concern for Trading

[Important Notes on Termination of Trading Support]

• The termination of trading support for digital assets is based on Upbit's policy on the termination of digital asset trading support: Upbit Digital Asset Trading Support Termination Policy

• The trading support for this digital asset will end on 2025-01-31 (Fri) at 15:00 KST.

• Upon termination of trading support, any orders (buy/sell) requested before the termination in the market will be canceled collectively.

• After this notice, services such as airdrops, wallet upgrades, and hard forks for digital assets scheduled for termination of trading support will not be supported.

[Notice on Termination of Digital Asset Trading Support]

DAD

• Target Market: DAD/BTC

• Scheduled Date for Termination of Trading Support: 2025-01-31 (Fri) 15:00 KST

• Reason for Termination of Trading Support

• Upbit has designated DAD as an item of concern for trading on December 10, 2024, after confirming that there are many deficiencies and potential for user damage when comprehensively considering the disclosure of important matters related to virtual assets, transparency of virtual asset operations, and the reality and sustainability of the business according to best practices for virtual asset trading support. The foundation did not respond or clarify regarding the reasons for designation as an item of concern for trading, despite requests for clarification from Upbit and the Digital Asset eXchange Alliance (DAXA) members. Upbit has decided to terminate trading support in accordance with the policy on designation of items of concern for digital assets and termination of trading support, as the reasons for designation as an item of concern for DAD have not been resolved.

• Even if the market trading support for this digital asset is terminated, withdrawals will be supported for 30 days from the termination date (~ 2025-03-02) in accordance with the trading support termination policy.

• Members who need to withdraw the above digital asset must proceed with the withdrawal by 2025-03-02.

*If you deposit (or mistakenly transfer) an asset whose trading support has been terminated, it cannot be reflected in the deposit, and it may take a very long time to return it due to technical reasons after the withdrawal support period ends, so please be careful.

The Digital Asset eXchange Alliance (DAXA) members are reviewing the digital assets they are supporting for trading and monitoring market conditions, and will continue to implement investor protection measures through prompt information provision and response in case of crisis situations requiring investor caution.

Upbit will always do its best to ensure safe trading for our customers.

Thank you.

※ Virtual assets are high-risk products that can result in the loss of all or part of your investment.

*This information is automatically generated.