Delio, as one of South Korea’s largest crypto lending companies, plays a vital role in the country’s crypto ecosystem. By allowing users to lend and borrow various cryptocurrencies, Delio has become a popular platform for investors seeking to maximize their returns.
However, the current market conditions The decision by Haru Invest to suspend deposits and withdrawals has created a ripple effect, leading to Delio’s announcement of a temporary withdrawal suspension.
The impact of Haru Invest’s decision on Delio is significant, as it has prompted Upbit, another prominent player in the cryptocurrency exchange market, to limit Delio withdrawals. Upbit’s move is likely an additional precautionary step to ensure that the potential risks associated with the current market conditions.