Upbit to Delist STORJ and JASMY Amid Regulatory Concerns
Upbit, South Korea’s largest crypto exchange, plans to delist STORJ and JASMY trading pairs due to unresolved compliance issues. All trading support for STORJ/KRW, STORJ/BTC, and other pairs will cease at 2:00 p.m. UTC+8 on September 14, 2026. This move highlights the ongoing scrutiny facing cryptocurrencies in major markets, with potential implications for other tokens as well. Source: WuBlockchain.
Breaking It Down
The decision by Upbit to delist STORJ and JASMY comes amid a broader environment of regulatory scrutiny in the cryptocurrency space. Currently, the exchange has identified deficiencies in key disclosures and business substance for both tokens. This type of action can shake trader confidence and lead to increased volatility in the affected assets as markets react to compliance-related news.
Key Details
- Upbit will cease trading support for STORJ/KRW and STORJ/BTC on September 14. The exchange cites unresolved compliance issues as the reason for delisting. Withdrawals for STORJ will remain available until October 14. The move reflects ongoing regulatory scrutiny of crypto assets in South Korea. All open orders will be canceled at the time of delisting.
Token Metrics
As of now, STORJ is trading at $0, with trading volume reported at $0 over the last 24 hours. The broader crypto market exhibits mixed signals, with various assets responding differently to regulatory developments. The delisting could further influence trading strategies around STORJ as traders assess the implications of this decision.
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