Bithumb Halts Deposits Amid STPT Rebranding, Token Swap

South Korean exchange Bithumb has temporarily suspended deposits and withdrawals following the rebranding and token swap of the Standard Tokenization Protocol Token (STPT). This move affects traders globally. Bithumb’s decision reflects a commitment to security during critical technical transitions and aligns with its preparations for an upcoming IPO, demonstrating adaptability in response to regulatory pressures.