[Alpha Biz= Reporter Kim Minyoung] Paycoin, a virtual asset (cryptocurrency), is set to be relisted on Bithumb after 15 months. This marks the third listing following its listings on Upbit and Coinone since it was delisted in April last year.
On the 15th, Bithumb announced in a notice, "We have decided to support trading of Paycoin (PCI) as we have determined that the reasons for discontinuing support have been resolved."
Bithumb cited reasons for resuming Paycoin trading, including resolving issues such as △transition of existing domestic payment business to overseas operations, issuance of KRW real-name accounts, and change of domestic virtual asset operator reporting △global app launch for Peycoin, and promotion of partnerships with overseas partners for building overseas payment business.
Last April, Paycoin was delisted by the Digital Asset Exchange Association (DAXA) due to Peyprotocol, the operator of Peycoin, failing to establish real-name accounts with banks.
Paycoin has since been relisted on all exchanges except Upbit, a member of DAXA that was involved in the decision to delist. However, Paycoin was not listed on Gopax even at the time of its delisting decision by DAXA.
Bithumb will begin accepting deposits for Paycoin (PCI) from 5 PM today and will support trading and withdrawals from 7 PM onwards. The opening price for Paycoin trading is 166 won.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
