South Korean cryptocurrency exchange Upbit announced that it will cease supporting digital asset deposits and withdrawals exceeding 1 million Korean Won (approximately $730) to and from BitMEX, due to BitMEX's termination of its VerifyVASP (Virtual Asset Service Provider Verification System) linkage. This interruption will take effect on October 16, 2026. Additionally, manual deposits of digital assets exceeding 1 million Korean Won from BitMEX to Upbit will no longer be supported starting at 14:00 on December 18, 2026.