Upbit to delist RLY on Dec. 22

South Korean crypto exchange Upbit has announced it will delist Rally (RLY) at 6:00 a.m. UTC on Dec. 22. The exchange stated that a comprehensive review found several deficiencies in the project, including its business viability and sustainability, its current trading and adoption status, and the extent of its public disclosures. Upbit determined these factors could potentially harm users. The exchange had previously added RLY to its delisting watchlist on Nov. 7.