1 year ago
In airy of the ongoing dialog astir Binance’s removal of privateness coins, the cryptocurrency speech Okx has declared the removal of assorted spot trading pairs linked to privateness tokens specified arsenic monero, zcash, and dash. Okx attributes its determination to region these offerings to “feedback from users” on with the exchange’s established guidelines for delisting.
Privacy Tokens Take a Hit: Okx Joins Binance successful Major Delisting Wave
Once more, privateness coins look removals arsenic regulatory and compliance requirements intensified importantly passim 2023. Okx revealed the removal of 20 trading pairs, acceptable to cease cognition aft Jan. 5, 2024. Two days anterior connected Dec. 27, Okx halted deposits for ZEN, XMR, CAPO, DASH, FSN, CVP, ZKS, and ZEC. The suspension of withdrawals for these coins is slated for March 5, 2024.
“In bid to support a robust spot trading environment, we perpetually show the show of each listed trading pairs and reappraisal their listing qualifications connected a regular basis,” the speech details. “Based connected feedback from users and the Okx Token Delisting / Hiding Guideline, we volition beryllium delisting respective trading pairs that bash not fulfill our listing criteria.”
Advocates of privateness are expressing discontent with the delisting moves by Okx and Binance. Conversely, immoderate reason that they are indifferent and that definite privateness coins volition proceed to thrive careless of enactment from exchanges.
Following the announcement, a important dip occurred successful the worth of galore privateness coins connected Friday, with the full privateness coin marketplace declining implicit 6% against the U.S. dollar. XMR fell 3.6%, ZEC decreased by 11.3%, and DASH mislaid 9% successful a 24-hour period.
What bash you deliberation astir Okx delisting privateness coins? Share your thoughts and opinions astir this taxable successful the comments conception below.
English (US) 