Upbit will delist the NKN/BTC trading pair on June 15, giving users until July 16 to complete withdrawals of affected assets from the South Korean exchange.
Upbit’s NKN/BTC Delisting Timeline
The exchange has scheduled the removal of the NKN/BTC market for June 15, after which trading for the pair will no longer be available. A separate withdrawal deadline of July 16 gives holders an additional 31-day window to move their NKN tokens off the platform.
The distinction between the two dates is critical. June 15 marks the end of active trading, meaning users will no longer be able to place buy or sell orders for NKN against BTC on Upbit. July 16 is the final day to withdraw NKN balances entirely. Users who have previously navigated shifts in exchange policy around digital assets will recognize the standard two-phase approach exchanges use when retiring a trading pair.
Upbit’s main notices page is the primary channel where the exchange publishes updates on delistings and market changes.
What the Delisting Means for NKN/BTC Users
Traders holding open positions in the NKN/BTC pair should close or adjust them before the June 15 cutoff. Once the market is removed, any unfilled limit orders will be canceled automatically, as is standard practice for major exchange operators during delistings.
Users holding NKN on Upbit who do not trade the BTC pair are still affected by the withdrawal deadline. After July 16, the ability to transfer NKN out of Upbit wallets may no longer be available for this specific asset. The delisting event timeline confirms the suspension of deposit functionality as part of the broader wind-down.
This does not necessarily affect NKN trading pairs denominated in other currencies on Upbit, if any exist. Users should verify which specific markets are being retired by checking the exchange’s official announcements directly.
What to Watch Before the July 16 Withdrawal Deadline
Upbit may issue follow-up notices with additional procedural details as the dates approach. Users should monitor the exchange’s regulatory and operational updates for any changes to the timeline or withdrawal process.
Confirming withdrawal wallet addresses and ensuring account verification is complete well before July 16 is essential. Last-day withdrawals carry risk of delays from network congestion or compliance checks that could push processing past the cutoff.
Users holding NKN should also confirm whether their destination wallet supports the correct network for the token before initiating any transfer. Acting in the first two weeks after the June 15 delisting, rather than waiting until mid-July, provides a buffer against unexpected complications.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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