TechFlow news, on April 1, South Korean cryptocurrency exchanges Upbit and Bithumb simultaneously announced they will soon terminate trading of the Loom Network token LOOM.
Officials stated that the Loom Network token LOOM has been removed from membership in DAXA (Digital Asset Exchange Association of Korea). After a comprehensive review of the foundation's public disclosures, as well as the authenticity and sustainability of its operations, it was decided to terminate trading support because LOOM does not meet the standards for continued listing. The trading suspension (buy/sell) is currently scheduled for May 7, 2025 (Wednesday) at 14:00 Beijing time.




