Bithumb will suspend its USDT market beta testing service. The reopening date will be announced separately.
TL;DR
Bithumb is suspending its USDT market beta service on November 28th due to regulatory pressure and system maintenance. The service, which allowed trading of Bitcoin and altcoins with USDT, will be reorganized for stability, with reopening details to follow.
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On November 27, DL News reported that South Korean financial regulators have urged Bithumb to suspend its Tether Market service, which allows customers to buy and sell Bitcoin and nine other high-market-cap Altcoin using USDT, although all 10 assets can continue to be traded on the Korean Won (KRW) market.
The cryptocurrency trading platform stated that the service is still in beta testing and involves an order book sharing agreement with Stellar.
Bithumb stated that due to system maintenance, the service will be shut down at 11:00 AM KST on November 28th and will be reorganized to "provide a more stable and advanced trading environment. We will provide further updates on the service reopening schedule."