EGLD withdrawals frozen: Upbit decides from Oct 19

If you hold EGLD and your trading venue refuses to let you withdraw, the problem is not your account. The MultiversX chain has been running again since September 24, but exchanges release deposits and withdrawals one by one, and two of the venues that matter most to European investors still have not done so: at Bitvavo both deposits and withdrawals are listed as under maintenance, and at Binance the native MultiversX network is switched off. Kraken closed its incident on October 1 and trades EGLD against the euro again. At Upbit, the single largest market for the token, all three EGLD pairs carry a caution label; the exchange will decide between October 19 and October 23 whether trading continues.

The token trades at $4.53, or 4.03 euros, on Saturday evening, around 1.7 percent above the previous day. With a market capitalisation of roughly $140 million, EGLD ranks 239th, and daily turnover sits at about $2.8 million. That is thin, and that is precisely where the risk of this deadline lies: if the venue that carries the bulk of that turnover disappears, liquidity goes with it and does not come back quickly. This article sets out which route out of the token is open today, which one only looks open, and what October 19 means for you.