In a pivotal development for the Asian cryptocurrency landscape, two of South Korea's leading exchanges, Bithumb and Upbit, have decided to delist Groestlcoin (GRS). This decision, effective January 16, 2025, at 6:00 AM UTC, raises concerns for current GRS holders and the future of the coin in the market. Based on the data provided in the document, it is crucial for investors to stay informed about the implications of this delisting.
Delisting of Groestlcoin
The delisting comes after both exchanges deemed the Groestlcoin Foundation's response to an official investment warning as inadequate. This prompted a thorough evaluation of the project's overall viability, leading to the conclusion that GRS no longer meets the necessary standards for listing on these platforms.
Advice for Current Holders
As a result, current holders of Groestlcoin are strongly advised to withdraw their assets before the impending deadline to prevent any potential losses. This move highlights the ongoing scrutiny faced by cryptocurrency projects and the importance of maintaining robust communication and compliance with exchange requirements.
In a related development, Bithumb has announced a temporary suspension of all deposits and withdrawals for the INJ token, effective December 18th, coinciding with a network upgrade. For more details, see more.
