The post Upbit & Bithumb to Delist Loopring ($LRC) appeared first on Coinpedia Fintech News
South Korea’s leading exchanges Upbit and Bithumb announced they will remove Loopring ($LRC) from trading on March 16, 2026, at 1500 KST. The decision comes after ongoing concerns over disclosure transparency, project operations, and development progress. Withdrawals will remain available until April 16, but deposits and services such as airdrops will no longer be supported. The announcement caused $LRC to drop about 10%, reflecting growing regulatory oversight and stronger protections for crypto users in South Korea.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more