Upbit will permanently remove trading for GoChain (GO) at 6:00 a.m. UTC on March 3. The exchange cited numerous shortcomings and potential harm to users as the primary reasons for the delisting. All GO deposits and trading will cease at the deadline, with withdrawals remaining open for at least 30 days. The withdrawal window will allow investors to transfer assets to private wallets or other platforms, and any remaining GO balances will be automatically converted after it closes.
GoChain, launched in 2018 as an Ethereum-compatible blockchain, aimed to deliver higher transaction speeds and lower costs for enterprise use. It initially secured partnerships with Lenovo and the Oklahoma Medical Marijuana Authority, but competition in the layer-1 and layer-2 space intensified. The delisting aligns with KoFIU’s quarterly asset reporting and broader moves toward proactive risk management by exchanges, signaling that similar evaluations may occur on other platforms. This reflects a shift toward sustainable utility and compliance across jurisdictions.
The announcement immediately affected market sentiment, with the GO price dropping about 18% on other exchanges within hours. Upbit accounted for a substantial share of GoChain’s global trading volume prior to the notice, illustrating the potential impact of regulatory actions. The broader regulatory environment—KoFIU, MiCA in the EU, and enforcement emphasis in the U.S.—is pushing exchanges to standardize listing criteria and prioritize user protection, with listings increasingly treated as earned privileges rather than entitlements. As global regulations tighten, delistings are likely to become more frequent and data-driven.
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