[Coinone] Notice of Termination of Trading Support: ASM

Hello, this is Coinone. Coinone has been supporting trading by rigorously reviewing each virtual asset to create a healthy virtual asset ecosystem.

According to the 'Policy on Designation of Items for Caution and Termination of Trading Support,' we are announcing the termination of trading support for Assemble AI (ASM, Ethereum ERC20). Customers holding this virtual asset should be sure to check this notice for reference in their use.

Assemble AI (ASM) is scheduled to have its trading support terminated by the members of the Digital Asset Exchange Joint Consultative Body (DAXA).

Reference material: Notice of Designation of Items for Caution: ASM, SNX

DAXA members can take measures such as urging caution, designating items for caution, and terminating trading support for user protection. Therefore, customers holding this virtual asset should be sure to check this notice for reference in their use.

Reason for Termination of Trading Support: Assemble AI (ASM) was designated as an item for caution due to the presence of multiple deficiencies when comprehensively considering the disclosure status and degree of important matters related to virtual assets, the transparency and reasonableness of procedures for changing important matters of virtual assets, and the purpose, function, and use of virtual assets, which could potentially cause user harm. After requesting explanatory materials from Assemble AI (ASM) and thoroughly reviewing them, no materials were found that could resolve the reasons for designation as an item for caution. Therefore, to protect users, we are terminating trading support for Assemble AI (ASM).

Key Schedule

Termination of Trading Support Schedule: June 30, 2025 (Monday), 15:00

Termination of Withdrawal Support Schedule: July 30, 2025 (Wednesday), 15:00

Precautions

⁃ Deposits of the virtual asset may be suspended upon designation as an item for caution or termination of trading support. In such cases, we will provide guidance through a separate notice.

⁃ For virtual assets whose trading support has been terminated, conversion to KRW value is not possible, and the travel rule applies in all cases. Therefore, you can withdraw only after adding recipient information or receiving approval for an external wallet withdrawal address (whitelisting).

⁃ All pending orders will be canceled collectively after the termination of trading support date.

⁃ Existing transaction history will be maintained even after the termination of withdrawal support schedule.

⁃ You must issue a deposit wallet address for the virtual asset by the termination of trading support schedule to enable withdrawal support after the termination.

⁃ The termination period of trading support may be shortened due to legal or institutional requirements and special circumstances during the termination process. In such cases, we will provide guidance through a separate notice.

• You can request withdrawal from Coinone customer service even after the withdrawal support period has passed. However, a certain fee may be incurred for withdrawing virtual assets that are not supported for trading. (Related link)

• Technical support such as mainnet changes, contract changes, airdrops, token swaps, and network updates for virtual assets whose trading support has been terminated may be discontinued, which may cause the value of the virtual asset to decrease or disappear. Please be sure to withdraw all virtual assets within the withdrawal support period.

Coinone will continue to make every effort to create a healthy and transparent virtual asset ecosystem. Thank you.

Coinone Team

*This information is automatically generated.