South Korean exchanges cooperate to prevent another Terra-LUNA debacle
To protect the country’s investors, South Korea’s top five crypto exchanges are forming a joint council to monitor the listing and delisting of cryptocurrencies.
Upbit, Bithumb, Coinone, Korbit and Gopax, five exchanges authorized to provide cash-to-crypto services in Korea, will form a joint council that will establish token listing standards, and communicate with each other in “unforeseen situations.” The exchanges also promised to respond in unison within 24 hours to any crisis like Terra-LUNA.