WeMix, which was delisted from four major exchanges in Korea (Upbit, Bithumb, Coinone, and Covit), has been listed on the domestic cryptocurrency (virtual asset and cryptocurrency) exchange Jidak.
On the 8th, G-DAC announced that WeMix was listed on G-DAC’s Bitcoin (BTC) and Ethereum (ETH) markets.
Deposits and transactions began at 5:30 p.m. on the same day, and withdrawals will be available from 10 a.m. on the 15th.
The G-DAC listing review committee said it considered listing from three perspectives: ▲ improvement of deliberation facts, ▲ protection of investors, and revitalization of the industry.
Han Seung-hwan, CEO of PierTech, which operates G-DAC, explained the reason for the listing on SNS, saying, “WeMix has more than 540,000 investors in size and is connected to listed companies under the Capital Markets Act.”
He said, “If soccer players went to play a soccer game, and there was no soccer field and it was a swimming pool, the fundamental premise of a soccer match and the social consensus would collapse. It is still necessary to raise awareness of the entire industry, establish a regulatory environment, and unify minimum standards and terms among industrial players. Until such an equitable investment playground is created, it is necessary to take a more investor-friendly approach, he said.
He added, “WeMix or WeMade were not evaluated as companies that would evaporate like FTX or Luna in a day.”