South Korea's largest cryptocurrency exchange Upbit announces the suspension of deposit and withdrawal services with Bitmex
2026-10-16 17:51:49
According to CoinMeta, South Korea's largest cryptocurrency exchange Upbit announced that due to Bitmex terminating its integration with VerifyVASP's ( VV ) identity verification service, it will cease supporting regular deposits of digital assets worth 1 million Korean won (approximately 750 US dollars) and above with Bitmex starting from October 16th. Withdrawals to Bitmex from large manual deposits originating from Bitmex were stopped on September 23rd, and such deposits will no longer be accepted after 14:00 on December 18th; any subsequent deposits of this kind will require a request for refund. Deposits of digital assets worth less than 1 million Korean won will not be affected.
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