Deposits & withdrawals [Upbit] Deposits and withdrawals of many coins paused for the monthly asset audit

What it means CoinGaja’s explanation from the title and public data, not the notice text

What stops

Upbit pauses deposits and withdrawals of many coins at once for its monthly audit.

Why

Korean exchanges check every month that they really hold the coins their customers deposited. During the check, transfers of many coins stop for a short while and reopen when it ends. The coins and times are in the original notice.

Effect on prices

With transfers blocked, traders cannot bring coins in from other exchanges to close price gaps (arbitrage). While the pause lasts, the price on Upbit can drift further than usual from Upbit or from overseas prices, and the gap often closes quickly once transfers reopen. Check the transfer status before trading on the kimchi premium alone.

When it reopens

Upbit announces the reopening separately or by updating this notice.

The notice itself is in Korean. Check the original notice for the exact schedule and conditions.