Zcash, Monero Face Delisting
OKX has announced its decision to delist 20 spot trading pairs in the new year, including privacy-focused cryptocurrencies like Monero, Zcash, and Dash.
The delisting is based on user feedback and does not meet the exchange’s listing criteria. Trading will cease on January 5. The exchange plans to delist other non-privacy coins as well. Blockworks has requested clarification on the exchange’s policies.
Binance, a leading exchange, has been grappling with policies around privacy coins, having delisted several prominent ones in May before backtracking in June.
Privacy coins, designed for greater anonymity, have sparked tension between the cryptocurrency industry and global regulatory standards. These assets, which obscure transaction details, have drawn scrutiny for potential misuse of illicit activities like money laundering and terrorist financing.
(With inputs from Shikha Singh)
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