Upbit Delists Nomina, Sparks Market Uncertainty Over Regulatory Concerns

South Korea's leading cryptocurrency exchange Upbit has taken a definitive step in ensuring regulatory compliance by delisting Nomina (NOM). This decision is part of the exchange's quarterly review process, which assesses multiple factors to protect investors. Bithumb has also extended its watchlist designation for NOM, signaling ongoing concerns about the token's viability.

The delisting process involves complex technical implementations, including system updates and withdrawal functionality. Users must transfer their NOM tokens from Upbit before the deadline to avoid loss of access. This decision reflects industry-wide trends toward enhanced compliance and investor protection.