South Korean exchange Coinone announced on December 29, 2024 that it has placed Trust Wallet Token (TWT) on a formal delisting watchlist. The exchange confirmed that deposits for TWT will be suspended beginning at 7:00 a.m. UTC on December 30, 2024, while withdrawals remain available during the evaluation period.
Coinone’s Delisting Watchlist Announcement
Coinone’s watchlist action is part of its regular listing reviews and follows the exchange’s stated compliance framework. The exchange evaluates tokens against a specific set of standards and uses the watchlist as a formal warning to project teams while a review proceeds. As part of the delisting process, Coinone provides a standard 30-day remediation period for projects to address identified issues before a final decision.
Evaluation criteria
Coinone assesses tokens using six defined categories to judge listing suitability. These criteria cover both on-chain and off-chain factors and form the basis for watchlist or delisting decisions.
- Transaction volume stability
- Wallet security standards
- Development team transparency
- Regulatory compliance documentation
- Market capitalization sustainability
- Community governance activity
Trust Wallet Token’s Compliance Issues
According to Coinone’s review, Trust Wallet Token showed deficiencies in multiple categories of the evaluation framework. Separately, recent market data for TWT in Korea point to weaker activity: trading volumes declined approximately 42% across Korean exchanges during Q4 2024, and the token’s price fell by about 8.5% against the Korean Won after Coinone’s announcement.
For historical context, TWT reached an all-time high of $2.72 in November 2022, illustrating how market conditions and compliance issues can affect token positioning over time.
Market Impact and Investor Considerations
The immediate procedural effects are clear: deposit functionality on Coinone is set to stop at the stated UTC time while withdrawals continue during the roughly 30-day review window. Trading on the exchange may continue unless Coinone issues further changes to trading pairs or access.
If you hold TWT on Coinone, check the exchange notices and your account to confirm withdrawal availability, and consider your preferred course of action during the remediation period. For comparisons with other Korean exchange cases, see the Bithumb delisting case and earlier FLOW suspension reports, which illustrate procedural similarities in watchlist and delisting workflows.
South Korea’s Cryptocurrency Regulatory Landscape
Coinone’s action takes place against an evolving regulatory backdrop in South Korea. Notably, the Digital Asset Basic Act (DABA) is scheduled for full implementation in 2025, and exchanges are adjusting listing criteria in anticipation of those requirements. Coinone has previously removed assets from its platform; the exchange delisted 24 cryptocurrencies in March 2023, demonstrating that enforcement and review processes are active.
Broader Industry Implications
This watchlist placement highlights an industry trend toward clearer, standardized evaluation frameworks on regulated exchanges. By formalizing criteria and providing remediation windows, exchanges aim to balance investor protection with procedural fairness for projects under review.
For token teams, the message is straightforward: documentation, transparency and demonstrable activity across the evaluation criteria matter for continued listing in regulated markets. For exchanges, the watchlist mechanism offers a way to flag concerns while allowing projects time to respond.
Почему это важно
Если вы майните в РФ и держите или получаете TWT, само по себе решение Coinone не меняет требования к майнингу и не влияет на работу майнеров. При этом рыночная ликвидность токена и его курс могут колебаться, что важно для тех, кто хранит средства в TWT или использует токен в операциях.
Для майнера с 1–1000 устройствами ключевое — следить за доступностью вывода и за изменением курса, потому что резкие изменения ликвидности могут затруднить продажу в нужный момент. В остальном операционная часть майнинга остаётся без прямых изменений со стороны этой новости.
Что делать?
Проверьте наличие TWT на своих счетах и подтвердите, что функция вывода доступна в вашем личном кабинете Coinone. Если вы не хотите оставаться в позиции по токену во время проверки, переведите средства на внешний кошелёк или на другую биржу, где доступен вывод.
Следите за официальными объявлениями Coinone и за сообщениями команды Trust Wallet в течение 30-дневного периода на предмет отправки требуемой документации и возможного снятия с вотчлиста. Храните записи о любых уведомлениях и сроках, чтобы успеть принять решение в отведенное время.
Frequently asked questions
What does “delisting watchlist” mean for Trust Wallet Token on Coinone? It signals a formal concern about TWT’s compliance with the exchange’s listing requirements. The token remains tradable during the evaluation but deposits stop at the announced UTC time; the project has about 30 days to address issues before a final decision.
Can I still withdraw TWT from Coinone after December 30? Yes. Withdrawal functionality is reported to remain operational during the evaluation period, while deposit services are suspended starting at the announced time.
What specific issues caused Coinone’s watchlist placement? Coinone reported that TWT showed deficiencies in multiple evaluation categories, including criteria such as transaction volume stability and documentation completeness. The exchange did not publish a detailed item-by-item breakdown.
How does this affect TWT trading on other exchanges? The announcement directly affects Coinone listings. Other exchanges may continue normal operations, although market perception and cross-market volumes can be influenced by such regulatory developments.
What happens if Trust Wallet Token gets fully delisted from Coinone? If full delisting occurs, Coinone would follow its delisting procedures after the remediation window. Historically, exchanges provide a withdrawal period for users to move assets before access ends.
