As a leading platform in the world of digital assets, Bithumb has always placed a strong emphasis on protecting investors and ensuring a safe trading environment. Recently, Bithumb made an important announcement regarding the designation of three football club tokens – SANTOS FC (SANTOS), FC PORTO (PORTO), and SS LAZIO (LAZIO) – as Investment Warning assets due to low liquidity and manipulation risks.
This decision is part of Bithumb’s Virtual Asset Investment Warning Designation Policy, which aims to alert investors to potential risks associated with certain assets. The primary reason behind these designations is the low liquidity of these tokens, which increases the likelihood of price manipulation and can pose a threat to investors.
In light of these concerns, Bithumb has laid out a detailed plan for the Investment Warning designation:
– Designation Date: April 5, 2024
– Suspension of new deposits: Expected from April 5, 2024, at 12:30
– Notice of extension, removal of designation, or end of trading support: Mid-April (between April 15 and April 19)
It is important to note that these timelines are subject to change based on internal circumstances. If the reasons for the Investment Warning designation are addressed within the designated period, the tokens may be cleared of the warning status.
Bithumb remains steadfast in its commitment to providing a secure and transparent trading environment for investors. The platform continues to conduct thorough supervision of supported virtual assets and maintains open communication with external experts and foundations to ensure the safety of traders.
Investors are urged to stay informed about any updates regarding these designated assets and to approach trading with caution. Bithumb appreciates the ongoing support and understanding of its users as it works towards fostering a healthy and transparent trading ecosystem.
At Extreme Investor Network, we understand the importance of staying informed and making sound investment decisions in the world of cryptocurrency. Stay tuned for more updates and insights on the latest developments in the crypto space.