[Upbit] Notice of Lifted Cautionary Listing for Synthetix (SNX)

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

We would like to inform you that the cautionary listing designation for Synthetix (SNX) has been lifted.

Please review the detailed reasons for lifting the cautionary listing below. If you are a holder of this digital asset, kindly check the following information.

[Notice on Reasons for Lifting Cautionary Listing]

Synthetix (SNX)

• Market: SNX/BTC

• Reason for Cautionary Listing Lift

• Due to persistent decoupling of the price of the over-collateralized stablecoin sUSD, which uses SNX as collateral, from its $1 peg, it was previously determined that there could be user losses caused by sharp price fluctuations of SNX. Consequently, DAXA jointly classified SNX as a cautionary asset and ceased trading support on 2025.04.24 as a collective response.

• With the introduction of various incentive mechanisms by Synthetix, the sUSD’s peg issue has been consistently recovering, and it is now assessed that the risk of user damage from SNX’s usage, purpose, or function is low.

• Accordingly, Upbit will lift the cautionary listing for SNX on 2025.06.24. However, depending on future application of best practices for virtual asset trading support, SNX may again be designated as a cautionary listing or trading support may be discontinued.

*Related link: [Notice of Synthetix (SNX) Cautionary Listing Designation](https://upbit.com/service_center/notice?id=5063)

*Related link: [Notice of Extension of Synthetix (SNX) Cautionary Listing Period](https://upbit.com/service_center/notice?id=5174)

[Notice on Resumption of SNX Deposit Service]

• Following the lifting of the cautionary listing, the SNX deposit service will resume soon.

• Deposits that were made during the suspension period will be reflected sequentially after the service resumes.

• Please be aware there may be substantial price fluctuations due to differences in market prices with overseas exchanges when deposits resume.

Upbit is always committed to ensuring your safe trading experience.

Thank you.

※ Digital assets are high-risk products and may result in partial or total loss of your investment.

*This information is automatically generated.