PANews reported on May 2 that according to The Block, five Korean cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit and Gopax, announced plans to delist WEMIX, the platform currency of Wemix, a blockchain platform under Wemade, on June 2, and token withdrawals are expected to be terminated on July 2.

It is reported that the decision to delist this particular token was made through the Korean Digital Asset Exchange Association DAXA, whose members include the five platforms mentioned above. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to it being designated as a cautious investment cryptocurrency. After a comprehensive review of the credibility and security of the issuing entity, it was determined that the asset did not meet the standards for maintaining trading support.