In a recent development, the Korean Digital Asset Trading Platform Association (DAXA) has announced plans to terminate trading support for the DAD token. According to a statement released by Upbit on December 30, members of the association will be delisting the token.
Background on DAXA
The Korean Digital Asset Trading Platform Association (DAXA) is a collective of major cryptocurrency exchanges in South Korea. The association aims to promote transparency and stability in the digital asset market.
Reasons Behind Delisting
Although the exact reasons for delisting DAD token are not specified, the move is likely part of DAXA’s efforts to maintain market integrity and protect investors. The association has been actively working to regulate and monitor cryptocurrency trading in South Korea.
Implications for DAD Token Holders
The delisting of DAD token may have significant implications for holders of the token. Investors are advised to take necessary precautions and stay informed about the developments in the market.
Source
This news was first reported by BlockBeats, citing an announcement by Upbit on December 30.
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