Upbit Resumes Crypto Deposits & Withdrawals: A Phased Approach

South Korean crypto exchange Upbit has resumed its cryptocurrency deposit and withdrawal services after a system check and maintenance. The platform is implementing a phased approach, starting with specific digital assets on December 3rd at 2:00 p.m. UTC.

Upbit’s initial phase focuses on six cryptocurrencies: ARK, ICX, DOGE, SXP, NEAR, and MINA. Users must create new deposit addresses as all old addresses have been deleted for security reasons.

The phased rollout prioritizes stability and system integrity before expanding to other assets. Upbit will provide updates on other asset resumption based on network performance.