Important Announcement: Upbit Restores Crypto Deposit and Withdrawal Services Gradually

Service Resumption Announcement: Upbit, a leading South Korean cryptocurrency exchange, is resuming its crypto deposit and withdrawal services in a phased manner, starting December 3rd, focusing initially on six cryptocurrencies: ARK, ICX, DOGE, SXP, NEAR, and MINA.

New Deposit Address Requirement: All previous deposit addresses have been deleted for security reasons, and users must generate new deposit addresses before making any deposits to avoid losing funds.

Phased Rollout Strategy: The phased approach allows Upbit to monitor network performance and address any issues before expanding services to additional cryptocurrencies, ensuring a secure and stable experience for users.

Impact on the Crypto Market: The resumption of services is a positive sign for the South Korean crypto ecosystem, enhancing liquidity and trader confidence while emphasizing user protection in a regulatory environment.