Upbit, South Korea’s largest crypto exchange, will end trading support for the Tottenham Hotspur fan token (SPURS) on August 18 at 3 p.m. local time. The exchange posted a brief notice on Thursday with no explanation for the delisting.
SPURS is a fan token issued on the Chiliz blockchain via the Socios platform. It gives holders voting rights on club-related polls and access to rewards. The token has been listed on Upbit since 2021 and was one of the more prominent football fan tokens in the Korean market.
The delisting means all SPURS trading pairs – likely SPURS/KRW and SPURS/BTC – will be removed. Traders still holding positions must cancel open orders and withdraw their tokens before the cutoff. After August 18, the SPURS market will be suspended and deposits may also be disabled.
Upbit regularly reviews its listed assets for trading volume, project health, and regulatory compliance. The exchange has delisted several low-liquidity tokens in the past year. It has not stated whether the SPURS decision was driven by low activity or other factors.
For holders, the key risk is that the token’s primary on-ramp in South Korea disappears. Without Upbit as a major venue, liquidity may shift to smaller exchanges or overseas platforms such as Binance or Huobi – but those platforms still list SPURS for now.
The delisting notice itself could already be weighing on sentiment. Fan tokens in general have seen mixed performance amid broader crypto market volatility. SPURS’ price reaction will offer the clearest indicator of how the market interprets Upbit’s move.
The deadline is roughly one month away. Watch for any further clarification from Upbit or a statement from Chiliz. Traders who want to keep their SPURS should move tokens to a self-custodial wallet or an exchange that still supports the asset before August 18.
Upbit will delist Tottenham’s SPURS fan token, cutting its Korean market
South Korea’s largest crypto exchange, Upbit, will stop trading Tottenham Hotspur fan token SPURS on August 18 at 3 p.m. local time without explaining why. SPURS holders must cancel open orders and withdraw SPURS before the deadline, while losing the Upbit listing could make SPURS harder to buy and sell in South Korea.