Bithumb Shuts USDT Trading Amid AML Probe

Published at 2025-11-27 03:30:22

Bithumb, South Korea’s second-largest crypto exchange, said on Nov. 26, 2025 that it will suspend USDT trading and terminate the shared order book it opened with Australia’s Stellar Exchange after only two months. The exchange framed the action as a response to intensified regulatory scrutiny of its anti–money laundering systems, with authorities seeking to verify compliance controls while the investigation continues.

The withdrawal of USDT trading reduces stablecoin liquidity on one of Korea’s major venues and may push volume to other exchanges or fiat pairs as users adjust. The decision highlights how enforcement reviews can prompt rapid operational changes and underscores the importance of robust AML procedures for global trading links; traders and counterparties should monitor Bithumb’s updates and any further regulatory developments.

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