Upbit delists Loopring (LRC) at 15:00 KST March 16
South Korea’s largest crypto exchange announced it will delist Loopring (LRC) at 15:00 KST on March 16. The notice specifies a precise cutoff that typically marks removal of the affected spot markets at the stated time.
Details on deposit and withdrawal windows were not included in the information reviewed. In the absence of published timelines beyond the cutoff, users generally wait for the exchange’s final operational update to understand any grace periods.
Immediate impact on LRC holders, trading, and liquidity
For account holders, access to LRC spot pairs on the platform is expected to end at the deadline. Around delisting events, liquidity can fragment across venues, order books can thin, and spreads may widen as market participants rebalance positions.
In January 2026, domestic venues placed LRC on a delisting watchlist under South Korea’s stricter disclosure and milestone-monitoring standards. “Insufficient disclosure of material information” and “shortcomings in business progress and milestone delivery” were cited, as reported by SignalPlus.
These exchange-level assessments take place within the framework of the Specific Financial Information Act and broader market oversight, according to the Financial Services Commission (South Korea). In practice, that framework encourages periodic reviews of listing eligibility when disclosure, governance, or risk signals arise.
From a market-structure perspective, a confirmed removal at a specified hour can compress available liquidity into narrower time windows. Price behavior may become more volatile into the cutoff as resting orders are canceled and remaining liquidity concentrates, although the magnitude depends on alternative venue depth and market-maker participation.
User checklist: next steps for Upbit LRC holders
- Final trading cutoff: 15:00 KST on March 16, per the delisting notice, including which LRC spot markets are affected.
- Deposit/withdrawal status: any stated timelines, minimums, and confirmations for LRC movements on supported networks.
- Destination readiness: wallet or custodial destination compatibility with LRC, including correct chain, address formats, and any required memos/tags.
- Fees and thresholds: posted network fees, minimum withdrawal amounts, and potential delays from blockchain congestion.
- Order management: open limit/stop orders that may need review before the trading halt to avoid unintended fills or cancellations.
- Record-keeping: transaction histories, on-chain hashes, and statements for personal accounting and tax documentation.
- Security hygiene: heightened caution against phishing and impersonation during delisting windows; verify domains and announcements through official channels.
- Ongoing monitoring: subsequent statements from the project team and relevant Korean market oversight for any compliance updates or process changes.
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