CDS Airdrop & Listing OMG and SRM Will be Delisted by South Korean Exchanges
Airdrop & Listing

OMG and SRM Will be Delisted by South Korean Exchanges

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OMG and SRM Will be Delisted by South Korean Exchanges

The members of the digital asset exchange joint consultative body (DAXA), a group of South Korean crypto exchanges, plan to delist OMG Network (OMG), formerly known as OmiseGo, and Serum (SRM).

OMG and SRM Will be Delisted by South Korean Exchanges
OMG and SRM Will be Delisted by South Korean Exchanges 1

OMG and SRM Will be Delisted by South Korean Exchanges

Per Upbit’s announcement, DAXA will end support for OМG and SRМ on April 26 at 14:00 KST. The reason for the delisting is to protect investors on the Korean stock exchange. Wu Blockchain said OМG and SRМ have not been “functioning normally.”

While DAXA members formed after the collapse of Terra announced the delisting, users will be able to withdraw their funds a month after the closure of OМG and SRМ.
So far, five Korean exchanges – Upbit, Coinone, Bithumb, GOPAX and Korbit – have joined DAXA to prevent support and help investors in a crisis.

OMG and SRM Will be Delisted by South Korean Exchanges
OMG and SRM Will be Delisted by South Korean Exchanges 2

Last month, US-based crypto exchange Coinbase suspended trading in OМG and other tokens. According to the post, users were able to access and withdraw their funds while trading was banned.

Additionally, Binance, the largest crypto exchange by trading volume, also delisted SRМ following the FTX crash in November 2022. According to the report, the reason for SRМ’s delisting was its ties to a failed cryptocurrency platform in the Bahamas.

Source

www.crypro.news

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Written by
ali009

The author is 28 year old student recently graduated from Celal Bayar University, Faculty of Medicine. Currently he works as a writer and translator for different platforms.

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