- Bithumb halts USDT market service during beta phase over regulatory concerns.
- KRW trading remains unaffected for major cryptocurrencies.
- Regulatory pressure may influence other exchanges’ operations.
Bithumb, a prominent South Korean cryptocurrency exchange, will suspend its Tether market service on November 28, 2025, following regulatory advice and ongoing system maintenance.
This suspension may affect trading volumes and liquidity for Bitcoin and nine major altcoins temporarily, but Korean Won pairing will remain functional on the platform.
Bithumb Suspends Tether Trading Amid Regulatory Investigation
South Korea’s financial regulator has advised Bithumb to halt its Tether market service temporarily, prompting the exchange to shut it down as part of a beta phase initiative. This directive comes amid heightened investigations by the Financial Intelligence Unit. Regulatory frameworks guiding crypto trading globally are crucial, as emphasized by industry leaders like Vitalik Buterin and Changpeng Zhao.
The exchange confirmed that all Tether-related orders would be automatically canceled, and the Tether service would undergo reorganization to enhance safety and functionality. Bitcoin and prominent altcoins remain tradable against the Korean Won while this adjustment takes place. This action reflects regulatory scrutiny over cross-border crypto activities.
“We will temporarily suspend our Tether (USDT) market service at 11:00 am KST on November 28, 2025, due to system maintenance and regulatory requirements. This service is currently in beta and involves order book sharing with Stellar. We are reorganizing the service to provide a more stable and advanced trading environment. Updates on the reopening schedule will be provided separately.” — Lee Jae-won, CEO, Bithumb
Broader Implications for Asian Crypto Exchanges
Did you know? Similar regulatory actions occurred in 2023 when Upbit suspended Tether trading temporarily due to compliance upgrades.
Bitcoin’s volatility continues as prices reach $87,629.73 with a market cap of 1,748,515,157,623.00 at 57.98% market dominance. Data from CoinMarketCap reveals a 0.64% increase in 24 hours, while longer-term movements show a 24.13% drop over 30 days, reflecting significant sector shifts.
Insights from Coincu suggest that Bithumb’s move may precede broader compliance demands across Asian markets. Historical trends underline regulatory influences on crypto market stability, with exchanges needing constant adaptation to shifting legal requirements.
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Source: https://coincu.com/news/bithumb-suspends-tether-trading/