Bithumb to Delist EVZ on Jan 26 — Withdraw or Sell Before Trading Halt
Bithumb announced it will delist EVZ and stop all EVZ trading at 06:00 UTC on January 26 after the EVZ foundation failed to provide required explanatory materials following an “investment warning” designation and a past security incident. The exchange cited compliance, transparency and security concerns as reasons for removal. Users must either sell their EVZ before the trading halt or withdraw tokens to a compatible wallet within a subsequent withdrawal window (final deadline to be announced). The delisting underlines stricter exchange listing standards and signals increased regulatory and operational scrutiny. Traders should act quickly, confirm wallet compatibility and addresses, and monitor EVZ listings on other platforms; exchanges may review EVZ independently. Main keywords: Bithumb delist EVZ, EVZ delisting, withdrawal deadline, exchange compliance, token transparency.
Bearish
Delisting of a token on a major exchange like Bithumb is typically negative for that token’s liquidity and market sentiment. Immediate effects: selling pressure as holders liquidate before trading halts and reduced liquidity once the pair is removed, increasing slippage and widening spreads. Mid-term: other exchanges may review EVZ listings, leading to further delistings or reduced market access, which can depress price and volume. Long-term: unless the project resolves compliance and security concerns and restores listings, market confidence will remain low. This mirrors past delistings (e.g., exchanges removing tokens after security incidents or compliance failures) that produced sharp short-term price drops and prolonged low liquidity. For traders: expect elevated volatility around Jan 26, potential opportunities for short-term exits or short positions, and higher execution risk for larger orders. Monitor official Bithumb notices, announcements from the EVZ team, and listings on other exchanges for possible recovery signals.