Upbit, Bithumb to Delist STORJ, TT, and JASMY on Sept. 14 — What Traders Should Know
South Korea exchanges Upbit and Bithumb said they will delist Storj (STORJ), ThunderCore (TT) and JasmyCoin (JASMY) at 6:00 a.m. UTC on Sept. 14 after unresolved trading-warning designations. The delisting will remove trading pairs and may limit withdrawals. Coinone also extended its watchlist for STORJ, indicating continued monitoring.
How this was made
The 30-second read
Why it matters
The key new fact is the confirmed delisting schedule and the stated rationale of unresolved trading warnings, implying reduced access to liquidity and heightened regulatory scrutiny.
Market read
A confirmed, dated delisting across two major South Korean exchanges is a direct, time-bound liquidity shock for STORJ, TT, and JASMY, with typical spillover volatility risk.
What to watch
The article does not specify whether delisted tokens can trade elsewhere in South Korea or how quickly liquidity shifts, which can materially change the magnitude of the selloff.
Background
Upbit and Bithumb placed STORJ, TT, and JASMY under trading warning designations and later confirmed delisting after unresolved issues under South Korean listing review rules.
Ticker impact
Upbit and Bithumb will delist ThunderCore (TT) on Sept. 14 after previously placing it under trading warning designations.
Downward pressure with higher intraday volatility around the delisting window.
The delisting is scheduled and tied to unresolved compliance or transparency concerns, which markets often price as a step toward broader de-risking.
Upbit and Bithumb confirmed delisting JasmyCoin (JASMY) effective Sept. 14 following unresolved trading warning status.
Negative near-term reaction expected, especially if withdrawals are suspended or limited after the deadline.
The article explicitly links the delisting to unresolved warnings and notes historical delisting patterns of sharp price declines and volatility.
Market effects
Signals continued South Korean exchange regulatory tightening, increasing delisting risk premia for other flagged tokens.
May reduce liquidity and raise volatility across South Korea’s crypto market as traders reprice exchange listing durability.
Could spill over to other venues via sentiment read-through, especially for tokens already under watchlists.
Counterpoint
If withdrawals remain available for a limited time and liquidity migrates to other exchanges quickly, price declines could be less severe than typical delisting panics.
Key entities
- crypto exchangeUpbit
South Korea’s exchange confirming delisting of STORJ, TT, and JASMY effective Sept. 14.
- crypto exchangeBithumb
South Korea’s exchange confirming delisting of STORJ, TT, and JASMY effective Sept. 14.
- crypto exchangeCoinone
Another South Korean platform that extended its delisting watchlist designation for STORJ.
- digital assetStorj (STORJ)
One of the three tokens to be delisted on Sept. 14.
- digital assetThunderCore (TT)
One of the three tokens to be delisted on Sept. 14.
