Upbit places HBD, DNT on trading warning list

South Korean exchange Upbit announced HBD and DNT have been placed on its trading warning list. For HBD, Upbit said it identified shortcomings in the token’s trading and adoption status after considering factors including its aggregate market capitalization across domestic and overseas exchanges over a certain period, changes in the number of on-chain holders, domestic and overseas trading volume, liquidity, and the status of trading support across domestic and overseas markets, adding that those issues could cause user harm. For DNT, Upbit said it found multiple shortcomings after comprehensively reviewing the substance, sustainability, and actual progress of businesses related to the virtual asset, as well as the asset’s use, purpose or function, and its aggregate market capitalization across domestic and overseas exchanges over a certain period, adding that those issues could also cause user harm.