PEPE, TRUMP also dropped as 2 Japanese exchanges stop trading 9 cryptocurrencies
Japanese exchanges SBI VC Trade and Bitpoint will stop handling 9 cryptocurrencies, including APT, ETC, OAS, BNB, DEP, JMY, OSHI, PEPE, and TRUMP. Services will be phased out starting October 7, with purchases ending first, followed by sales and withdrawals. Users must act before deadlines to sell or withdraw holdings.
How this was made
The 30-second read
Why it matters
The service terminations force holders to act quickly, likely creating short‑term sell pressure on the affected tokens.
Market read
The announcements create immediate trading urgency for nine crypto assets on two Japanese platforms.
What to watch
Potential for increased activity on alternative exchanges as users migrate holdings.
Background
Japanese exchanges SBI VC Trade and Bitpoint are reducing their crypto offerings, affecting nine tokens.
Ticker impact
Bitpoint will stop purchases of Build & Build (BNB) on Oct. 7; deposits were never offered.
Minimal impact given global liquidity.
Effect is localized to a niche Japanese platform.
Market effects
Japanese crypto exchange sector shows tightening of listed assets, may affect other tokens on these platforms.
Japan's crypto market faces reduced liquidity, could influence regional price dynamics.
Limited to tokens with significant Japanese user base; broader crypto market impact modest.
Counterpoint
Some traders may view the delistings as a buying opportunity if broader market sentiment remains bullish.
Key entities
- ExchangeSBI VC Trade
Japanese crypto exchange ending service for APT, ETC, OAS.
- ExchangeBitpoint
Japanese crypto exchange ending service for BNB, DEP, JMY, OSHI, PEPE, TRUMP.
