WEMIX Relisting: Coinone Chooses Practicality Over Justification.
The virtual asset industry is abuzz as Coinone resumed KRW trading of WEMIX on the 16th. It has been two months since the Digital Asset eXchange Alliance (DAXA) delisted WEMIX on December 8th last year. The sudden listing, which was not discussed with DAXA or other exchanges, has left the industry startled, and DAXA's stance on self-regulation is now being questioned.
At around 9:30 AM on the 16th, Coinone announced that it would begin supporting WEMIX trading from that day. In the announcement, Coinone explained the reason for the relisting, stating, 'We have confirmed that the issues related to the violation of circulating supply, lack of information provision, and loss of trust at the time of the delisting have been resolved.'
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Hyeonsu “Elliot” Jin, an attorney at the virtual asset-focused law firm Decent Law Firm, commented, "Coinone's decision does not overturn the court's judgment,' adding, 'The decision to list, delist, or relist an asset depends on the exchange's discretion, and even in the WEMIX injunction ruling, it was stated that WEMIX could be relisted if sufficient clarification is provided."
