According to official news, South Korea’s largest CEX, Upbit, announced that Solare (SXP) has been designated as a project requiring caution in trading by member companies of the Digital Asset Exchange Alliance (DAXA). Deposit services for SXP on Upbit have been suspended. After being designated as a project requiring caution, Upbit typically conducts a detailed review of the digital asset to determine whether to extend the designation, remove it, or ultimately terminate trading support.
This action aligns with DAXA’s risk controls for listed assets and signals heightened scrutiny for Solare (SXP). The review process will consider factors such as asset activity, liquidity, and regulatory compliance before a final decision on trading status is made.
Investors should monitor further updates. Upbit may extend the designation, lift it, or terminate trading for SXP depending on the review results.
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