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South Korean financial regulators urge Bithumb to suspend Tether Market services.

2025-11-26 16:27

Odaily Planet Daily reports that South Korean financial regulators have urged Bithumb to suspend its Tether market service, which allows customers to buy and sell Bitcoin and nine other high-market-cap altcoins using USDT. These ten assets can still be traded on the Korean Won (KRW) market. Bithumb is currently in beta testing and involves an order book sharing agreement with Stellar. Bithumb stated that due to system maintenance, the service will be shut down at 11:00 AM KST on November 28th for restructuring to "provide a more stable and advanced trading environment." (DLNews)