BlockBeats News, November 27, according to DL News, the South Korean financial regulatory agency has urged Bithumb to suspend its Tether market service. This service allows customers to trade Bitcoin and nine high-market-cap altcoins using USDT, but these 10 assets can still be traded on the Korean Won (KRW) market.
The cryptocurrency exchange stated that this service is still in the beta testing phase and involves an order book sharing agreement with Stellar.
Bithumb stated that due to system maintenance, this service will be shut down at 11:00 am Korean time on November 28 and will be reorganized to “provide a more stable and advanced trading environment. We will provide updates on the schedule for reopening the service separately.”
