South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have announced that they will end trading support for MANTRA (MANTRA) on December 14, 2026.
The exchanges cited unresolved security and operational issues as the main reasons for placing MANTRA under caution. After extending the review period in October to give the project time to address the concerns, they concluded that the issues had not been satisfactorily resolved.
Upbit and Bithumb to Delist MANTRA
South Korea’s largest cryptocurrency exchanges are ending trading support for MANTRA. On November 13, 2026, Upbit said it would terminate trading support on December 14 at 15:00 KST for the MANTRA/KRW, MANTRA/BTC and MANTRA/$USDT trading pairs. The exchange will cancel open orders, while withdrawals will remain available until around January 13, 2027.
Bithumb also announced that same day that it would end trading support for MANTRA on December 14, with withdrawals continuing until mid-January 2027. Coinone, South Korea’s third-largest trading venue, had already added MANTRA to its delisting watchlist in August 2026 under the Virtual Asset User Protection Act, alongside Upbit and Bithumb.
The exchanges cited issues involving the project’s wallet, issuer or operator, and distributed ledger infrastructure. The concerns were first flagged in August during investment-warning reviews. Upbit and Bithumb account for a large share of South Korea’s won-based trading, so their exit poses a significant threat to MANTRA’s market access and liquidity.
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How Could MANTRA’s Delisting Affect Liquidity, Price Discovery and Holders’ Exit Options?
The loss of these major venues is likely to reduce overall liquidity and fragment the remaining order books. Korean won pairs have historically contributed significant trading volume and local price discovery for MANTRA.
After trading ends on Upbit and Bithumb, that volume will move to remaining global exchanges, primarily $USDT pairs on platforms such as Binance, or to decentralized venues. Thinner order books tend to have wider spreads and greater slippage, particularly during periods of stress.
Price discovery is likely to become less efficient. With less participation from deep, regulated venues, markets may see greater volatility and temporary price gaps between any remaining Korean won trading and international $USDT prices. Past delistings across multiple exchanges suggest that losing a concentrated regional liquidity pool often leads to greater short-term price dislocations.
MANTRA traders will have fewer exit options over time. Until December 14, they can still sell on the affected exchanges, though selling pressure may already be increasing. Once trading ends, they will have a limited period to transfer assets to personal wallets or other exchanges. After January 2027, holders could face more friction and fewer opportunities to exit their positions because of less liquid markets.
What’s Next for MANTRA’s Price?
At the time of reporting, MANTRA was trading at $0.002674, down 7.6% over the past 24 hours after the announcements. Its market capitalization stood at $18.16M, down 7.39%. The token has already fallen nearly 90% from its March 2026 peak.
MANTRA’s short-term price could remain under pressure as Korean investors seek to exit before December 14. Further declines will depend on selling pressure, reduced liquidity and global trading activity. If the security concerns are not resolved, MANTRA’s price recovery could remain constrained.
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