Coinone Relists WEMIX... "Resolving Issues Such as Trust Damage"

[Asia Economy Reporter Lee Jung-yoon] The virtual asset exchange Coinone will relist WEMIX, a coin created by Wemade, on the KRW market.

Coinone announced on the 16th that it will support WEMIX trading. Deposits of WEMIX will be available from 10 a.m. on the same day, selling and withdrawals from 6 p.m., and buying from 6:05 p.m.

Coinone stated, "Since WEMIX had previously been subject to a trading support termination decision, we have additionally received supplementary documents to prevent a recurrence of the same incident. We have also thoroughly reviewed the submitted materials, the reasons for the termination of trading support, and plans for improvement and future response." They explained, "As a result of the review, we confirmed that issues such as violations of circulation volume, information provision, and trust damage that occurred during the previous trading support have been resolved."

They added, "If problems causing market confusion and investor damage similar to before recur, or if the promised matters are not fulfilled, Coinone will take active measures in response."

Previously, the Digital Asset Exchange Joint Council (DAXA), composed of domestic virtual asset exchanges Gopax, Bithumb, Upbit, Coinone, and Korbit, terminated support for WEMIX trading on December 8 last year. This was due to a significant discrepancy between the WEMIX circulation plan information submitted to DAXA member companies and the actual circulation volume, inadequate or incorrect information provided to investors, and errors found in the materials submitted during the explanation period.

This content was produced with the assistance of AI translation services.