Upbit Ends Partnership with Bittrex

South Korea-based cryptocurrency exchange Upbit announced on the 25th of this month that they would be restructuring their cryptocurrency offerings starting October 25th. This is also the date that their current contract with Bittrex would end, strongly suggesting that Upbit has not renewed its partnership with Bittrex.

Since 2017, Upbit has shared trading books with Bittrex, which explains why the exchange was able to offer more cryptocurrencies for trading than other South Korean exchanges.

BTC, ETH, and Tether trading pairs will be reorganized on the Upbit platform. This encompasses all of their trading pairs other than KRW pairs, which are native to the Upbit platform and not from Bittrex. Users can expect some coin markets to be delisted from the Upbit platform following the October 25th switch.

Although it isn’t directly stated in the announcement, it is expected that Upbit will list Klaytn, the much-hyped project from South Korea’s Kakao, along with Google’s Gound X project. This listing would presumably be the first listing following the cancellation of the Bittrex partnership.

This news comes a week after Upbit and OKEx Korea delisted all of its privacy token offerings amidst pressure from the South Korean government to not allow trading of dangerous investments per their FATF regulation.