Bitcoin exchanges Upbit and Bithumb announced they will delist this altcoin from their spot platforms! Here are the details

Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced its decision to end trading support for Drift (DRIFT). According to the official statement, the DRIFT token will be removed from the platform on June 1, 2026, at 3:00 PM. This will completely halt trading on the DRIFT/KRW, DRIFT/BTC, and DRIFT/USDT trading pairs.

The exchange stated that this decision was the culmination of a previously initiated review process. On April 2nd, Upbit placed the DRIFT token on an “investment alert” list, requesting that the project address certain issues. However, the latest assessment indicated that the explanations and improvements provided by the project team were insufficient. Therefore, it was decided that the token did not meet the listing criteria.

Similarly, within the Digital Asset Exchanges Joint Advisory Group (DAXA), which includes other exchanges operating in South Korea, various sanctions can be applied to protect users. These sanctions include steps such as placing on a warning list, restricting trading, and completely delisting. It was stated that the decision regarding DRIFT was also evaluated within this framework.

Users were warned that withdrawals of DRIFT assets would continue until July 1, 2026. It was emphasized that technical support may be discontinued and withdrawal restrictions may be implemented after this date. Investors are advised to complete their transactions within the specified timeframe to avoid any inconvenience.

*This is not investment advice.

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