[Upbit] Notice of Termination of DAD Trading Support (1/31 15:00)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

DAD will have its trading support terminated by the members of the Digital Asset eXchange Alliance (DAXA). DAXA members can take measures such as urging caution, designating items of concern for trading, and terminating trading support to protect investors.

• Reference: [[Trading] Notice of Designation of DAD and Bitcoin Gold (BTG) as Items of Concern for Trading](https://upbit.com/service_center/notice?id=4710)

• Reference: [[Trading] Notice of Extension of Designation Period for DAD as an Item of Concern for Trading](https://upbit.com/service_center/notice?id=4750)

[Precautions Related to Termination of Trading Support]

• The termination of trading support for digital assets is based on Upbit's digital asset trading support termination policy. : [Upbit Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf)

• The trading support for the digital asset will end on 2025-01-31 (Fri) at 15:00 KST.

• Upon termination of trading support, orders (buy/sell) requested before the termination in the market will be collectively canceled.

• After this notice, services such as airdrops, wallet upgrades, and hard forks for digital assets scheduled for trading support termination will not be supported.

[Notice of Termination of Digital Asset Trading Support]

DAD

• Target Market: DAD/BTC

• Scheduled Date for Termination of Trading Support: 2025-01-31 (Fri) 15:00 KST

• Reason for Termination of Trading Support

• Upbit has designated DAD as an item of concern for trading on December 10, 2024, after confirming that there are numerous deficiencies in terms of disclosure of important matters related to virtual assets, transparency of virtual asset operations, and the reality and sustainability of the business, which could potentially cause harm to users. The foundation did not provide any response or explanation regarding the reasons for the designation as an item of concern for trading, despite requests for clarification from Upbit and the Digital Asset eXchange Alliance (DAXA) members. Upbit has decided to terminate trading support in accordance with the digital asset item of concern designation and trading support termination policy, as the reasons for the designation have not been resolved.

• Even if the market trading support for the digital asset is terminated, withdrawals will be supported for 30 days from the termination date (\~ 2025-03-02) in accordance with the trading support termination policy.

• Members who need to withdraw the above digital asset must proceed with the withdrawal by 2025-03-02.

*If you deposit (or mistakenly transfer) an asset whose trading support has been terminated, the deposit will not be reflected, and it may take a very long time to return it due to technical reasons after the withdrawal support period has ended, so please be sure to pay attention.

Members of the Digital Asset eXchange Alliance (DAXA) are reviewing the digital assets they support for trading and monitoring market conditions, and will continue to implement investor protection measures through prompt information provision and response in the event of crisis situations requiring investor caution.

Upbit will always do its best to ensure safe trading for our customers.

Thank you.

※ Virtual assets are high-risk products that can result in the loss of all or part of your investment.

*This information is automatically generated.