Upbit to delist Loopring (LRC) on March 16
South Korean crypto exchange Upbit announced it will terminate trading support for Loopring (LRC) on March 16 local time. The exchange published the delisting notice through its official channels. No further details on reasons, asset removal procedures, or effects on deposits/withdrawals were provided in the announcement. The notice is presented as market information and not investment advice.
Bearish
Exchange delistings typically exert negative pressure on the affected token’s short-term price and liquidity. Upbit is a major Korean venue; removing LRC from its order books reduces accessible on‑chain/off‑chain liquidity and may trigger sell pressure as traders close positions or withdraw to other platforms. The announcement lacks mitigating details (e.g., migration path, continued withdrawals), which increases uncertainty and short-term volatility. Historically, tokens delisted by prominent exchanges often see immediate price drops and reduced trading volume on centralized venues; some recover if retained on major global exchanges, but persistent loss of listings can depress long-term demand. Therefore, the event is likely bearish short-term (price decline, lower liquidity) with neutral-to-negative medium/long-term implications depending on whether other exchanges maintain support or provide transparent asset handling.