Bithumb and other DAXA members in South Korea will collectively delist the ALEX token

according to the official announcement, the South Korean cryptocurrency exchange Bithumb has announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for ALEX.

Bithumb's announcement indicates that trading for ALEX will stop on August 11, and withdrawal functionality will be closed on September 11. The exchange stated that although the project team submitted explanatory materials, they failed to resolve the trading risk warning issue, and after evaluation, it was determined that the token does not meet the standards for continued trading.