Odaily Planet Daily News According to official news, South Korean crypto trading platforms Upbit and Bithumb simultaneously announced that they will terminate Loom Network (LOOM) trading. Officials said that Loom Network (LOOM) has been removed from the DAXA (Korea Digital Asset Trading Platform Association) members. After a comprehensive review of the foundation's public disclosures and the authenticity and sustainability of the business, it was decided to terminate trading support because LOOM did not meet the standards for maintaining trading support. The trading (buy/sell) termination date and time are tentatively scheduled for 15:00 on Wednesday, May 7, 2025.