Upbit, one of the world’s most trusted digital asset exchanges, has announced the end of market support for SteemDollars (SBD). Trading support will officially end on February 12, 2025.
Upbit to End Market Support for SteemDollars (SBD) on February 12, 2025
- Affected Trading Pairs: SBD/KRW, SBD/BTC
- Reason for Termination: Following a comprehensive review under Upbit’s Digital Asset Delisting Policy, SteemDollars (SBD) has been designated a precautionary asset on December 30, 2024. The decision was based on an assessment of its utility, purpose, adoption, and trading activity. Upbit has determined that these issues have not been resolved and has decided to terminate trading support for SBD.
Important Notes for Users
- Order Cancellation: All pending buy and sell orders for SBD will be automatically canceled once trading support ends.
- No Airdrops or Service Support: After the delisting announcement, Upbit will not support airdrops, wallet upgrades, or hard forks for SBD.
- Withdrawal Deadline: Users can withdraw their SBD assets until March 14, 2025. After this date, withdrawals will no longer be supported.
- Deposits made after the termination date or funds transferred in error may not be credited.
- Additionally, any errors after the withdrawal support period may take a significant amount of time to be resolved due to technical limitations. Users are strongly advised to withdraw their assets before the deadline.
This decision underscores Upbit’s commitment to maintaining a robust and transparent trading environment by adhering to best practices in digital asset management. Users with assets on SBD should take timely action to avoid any disruptions.
*This is not investment advice.
