Upbit, Bithumb to Delist MANTRA on Dec. 14

Upbit and Bithumb will terminate trading support for MANTRA on Dec. 14, 2026, after concluding that security and operational concerns had not been sufficiently resolved.

Upbit announced on Nov. 13 that trading will end at 3 p.m. Korea Standard Time across the MANTRA/KRW, MANTRA/BTC and MANTRA/USDT pairs. The exchange will cancel open orders when trading ends. Withdrawals are expected to remain available until around Jan. 13, 2027.

Bithumb also announced on Nov. 13 that it will end MANTRA trading on Dec. 14. Customers are expected to retain access to withdrawals until around the middle of January 2027.

The exchanges had placed MANTRA under review over concerns involving the project’s wallet, issuer or operator, and distributed-ledger infrastructure. Upbit and Bithumb extended the review period in October to give the project more time to address the issues. They later determined that the concerns remained unresolved.

Coinone, South Korea’s third-largest cryptocurrency exchange, placed MANTRA on its delisting watchlist in August under the Virtual Asset User Protection Act. The action followed investment-warning reviews involving the same areas of concern.

Upbit and Bithumb account for a large share of South Korea’s Korean won-based cryptocurrency trading. After trading ends, MANTRA holders in the country will have to withdraw their tokens during the permitted period or use other available markets. Remaining trading may be concentrated in international USDT pairs and decentralized markets.

The loss of the two Korean won markets could reduce available liquidity and leave thinner order books for MANTRA. That may result in wider differences between buy and sell prices and larger price movements during periods of heavy trading.

MANTRA was trading at $0.002674 at the time of reporting, down 7.6% in 24 hours after the announcements. Its market capitalization was about $18.16 million, down 7.39%. The token was nearly 90% below its March 2026 peak.

Reviewed and fact-checked by Alex Panasenko on November 13.