WEMIX Delisted from Major Korean Exchanges, Trading Ends Today

Korean Exchanges End WEMIX Trading Effective June 2, 2025

Major Korean exchanges, including Bithumb, confirmed the delisting of WEMIX, terminating trading activities effective today. The decision stems from discussions by DAXA, a coalition of domestic exchanges coordinating exchange policies.

This decision affects many South Korean investors who must withdraw assets by July 2, 2025. Withdrawal procedures have been clarified, ensuring users can secure their WEMIX holdings through verified external wallets. “Users who hold WEMIX must register external wallet addresses and verify them with Bithumb before initiating withdrawals.” – Bithumb Notice

Market Concerns Over Liquidity After Delisting

The delisting announcement has sparked various reactions, particularly among WEMIX holders. Concerns about liquidity and potential loss value are prevalent. The wider market is responding cautiously to similar possible actions from other exchanges.

Financial impacts include a potential decrease in WEMIX’s market value, caused by limited trading platforms. Regulatory alignments among major exchanges may lead to more cautious crypto market conditions in Korea.

Past Delistings in Korea Show Regulatory Influence

Previous delisting actions in Korea have led to short-term declines but eventual market stabilization. Similar cases have shown regulatory trends consistently influencing market directions in the region.

Experts from Kanalcoin suggest the delisting could encourage market realignments, as similar trends in 2019 showed temporary volatility but a gradual restoration of investor confidence thanks to transparent procedures.