Upbit halts large transfers with BitMEX over Travel Rule compliance
- —The 1 million won threshold applies; smaller transfers continue as usual
- —Withdrawals from Upbit to BitMEX stopped on September 23, OpenAPI not supported
- —Manual deposits from BitMEX above 1 million won end December 18 at 14:00
- —The trigger is BitMEX's exit from the VerifyVASP Travel Rule solution
Why it matters: The restriction affects large transfers between the two exchanges and may push users toward alternative withdrawal routes.
Source: PANews