Exchange Notice
[Coinone] Notice of Termination of Trading Support: Nest Protocol
- Coinone has announced the termination of trading support for Nest Protocol (NEST).
- It was stated that the support is being terminated to protect users as the reasons for designation as an item for caution have not been resolved.
- It was announced that all orders for the virtual asset will be canceled after the termination date, and withdrawal support will also be discontinued after a certain period.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Hello, this is Coinone. Coinone has been supporting trading by strictly reviewing each virtual asset to create a healthy virtual asset ecosystem.
In accordance with the 'Policy on Designation of Items for Caution and Termination of Trading Support,' we are announcing the termination of trading support for Nest Protocol (NEST, Ethereum ERC20). Customers holding this virtual asset are advised to check this notice for reference in their usage.
Reference Material: Notice of Designation of Items for Caution: NEST
Reason for Termination of Trading Support: Nest Protocol (NEST) was designated as an item for caution as of January 10, 2025, due to significant matters related to virtual assets not being disclosed and arbitrary changes made without justifiable reasons. Considering the disclosure status and extent, the reality and sustainability of the business, it was confirmed that there is a possibility of causing harm to users. Subsequently, we requested explanatory materials from the Nest Protocol side and conducted a thorough review, but no materials were found to resolve the reasons for designation as an item for caution. Therefore, to protect users, we are terminating trading support for Nest Protocol (NEST).
Key Schedule
Termination of Trading Support: February 24, 2025 (Monday), 15:00
Termination of Withdrawal Support: March 26, 2025 (Wednesday), 15:00
Notice
⁃ Deposits of the virtual asset may be suspended when designated as an item for caution or when trading support is terminated. In such cases, we will provide guidance through a separate notice.
⁃ For virtual assets whose trading support has been terminated, it is impossible to convert to Korean won value, and the travel rule applies in all cases. Therefore, you can withdraw after adding recipient information or receiving approval for an external wallet withdrawal address (whitelisting).
⁃ All pending orders will be canceled collectively after the termination of trading support.
⁃ Existing transaction history will be maintained even after the termination of withdrawal support.
⁃ You must issue a deposit wallet address for the virtual asset before the termination of trading support to enable withdrawal support even after the termination.
⁃ The termination period of trading support may be shortened due to legal or institutional requirements or special circumstances during the termination process. In such cases, we will provide guidance through a separate notice.
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Even after the withdrawal support period has passed, you can request withdrawal through the Coinone customer center. However, a certain fee may be incurred for withdrawals of virtual assets not supported for trading. (Related link)
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Technical support such as mainnet changes, contract changes, airdrops, token swaps, and network updates may be discontinued for virtual assets whose trading support has been terminated, and the value of the virtual asset may decrease or disappear. Please ensure to withdraw all virtual assets within the withdrawal support period.
Coinone will continue to make every effort to create a healthy and transparent virtual asset ecosystem.
Thank you.
Coinone Team
*This information is automatically generated.

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