Upbit to delist STORJ, JASMY and TT in South Korea on Sept. 14
Upbit and Bithumb will delist Storj (STORJ), JasmyCoin (JASMY) and ThunderCore (TT) on Sept. 14, ending trading for STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW and TT/BTC at 3:00 p.m. KST. Upbit cites unresolved warning issues; deposits end and open orders cancel. Withdrawals stay open until Oct. 14, per both exchanges.
How this was made
The 30-second read
Why it matters
The key new information is the confirmed Sept. 14 trading cutoff across multiple pairs and both exchanges, plus order cancellations and a defined withdrawal deadline, which creates a concrete execution window for traders.
Market read
Traders face a scheduled liquidity removal event on Sept. 14 with canceled open orders, making risk management and migration planning time-sensitive.
What to watch
The article does not quantify trading volumes on Upbit/Bithumb; tokens with low KR liquidity may see limited global repricing despite the delisting headline.
Background
Upbit placed STORJ under a trading warning on July 28, then JASMY and TT under warnings on July 31, suspending deposits before deciding to end trading support.
Ticker impact
Upbit will stop trading JASMY/BTC and JASMY/USDT on Sept. 14, citing unresolved disclosure, sustainability, and progress concerns.
Negative drift into the cutoff, with elevated volatility from reduced Korean venue access.
The exchange action is time-bound with canceled open orders and a defined withdrawal window, which can amplify sell pressure and widen spreads.
Upbit and Bithumb will delist ThunderCore (TT) pairs on Sept. 14 after warning reasons were not resolved, despite TT disputing the assessment.
Higher volatility with potential sell pressure into Sept. 14, followed by liquidity normalization after migration.
The article includes a dispute from ThunderCore, which can partially offset sentiment, but the scheduled exchange cutoff is still a concrete negative catalyst.
Market effects
Signals continued post-listing review tightening by Korean exchanges, raising delisting risk for other tokens under warning designations.
Reduces liquidity on two major South Korean venues, potentially shifting volume to other exchanges and increasing Korea-specific volatility.
May affect global price via cross-venue arbitrage and sentiment spillover, especially for tokens with meaningful KR exposure.
Counterpoint
If withdrawals remain available until Oct. 14 and liquidity migrates quickly, price impact could be temporary and more about venue mechanics than fundamental deterioration.
Key entities
- exchangeUpbit
Korean exchange ending trading support for STORJ, JASMY, and TT on Sept. 14 and keeping withdrawals open until Oct. 14.
- exchangeBithumb
Korean exchange confirming the same Sept. 14 trading cutoff and Oct. 14 withdrawal deadline for the three assets.
- issuerStorj Labs
Filed for Chapter 11 in U.S. bankruptcy court, which Upbit notes was not stated as the sole cause of delisting.
- issuerThunderCore
Disputed the warning rationale for TT, claiming network and issuance conditions remain normal.
