- OKX will delist privacy tokens like Monero and Zcash, along with partially private coins Dash and Horizen, in early 2024.
- This decision affects 11 trading pairs and will be effective on January 5, 2024.
- OKX previously halted deposits for privacy coins (XMR, DASH, ZEC, ZEN) starting December 27, 2023. Withdrawals of these coins will cease on March 5, 2024.
Global cryptocurrency exchange OKX has revealed its decision to delist several cryptocurrencies, including major privacy tokens like Monero (XMR) and Zcash (ZEC), as well as partly private coins like Dash (DASH) and Horizen (ZEN) in early 2024.
OKX announced the removal of a total of 11 trading pairs involving these tokens, with the changes set to become effective on January 5, 2024.
The exchange cited the need to maintain a robust spot trading environment and stated that the decision was made based on user feedback and its token delisting guidelines.
Starting from December 27, 2023, OKX suspended deposits for certain privacy-related coins, including XMR, DASH, ZEC, and ZEN. Furthermore, the exchange will also suspend withdrawals of these coins beginning March 5, 2024. OKX emphasized its commitment to monitoring all listed trading pairs and implementing delisting or hiding mechanisms as necessary.
OKX is one of the largest cryptocurrency exchanges globally, with a daily trading volume of at least $3 billion, according to CoinGecko data. The exchange currently lists a total of 482 trading pairs, including those involving Monero, Dash, Zcash, and Horizen.
OKX joins several other exchanges that have delisted or attempted to delist privacy or privacy-related tokens in the past. Huobi announced plans to delist seven privacy-related coins in September 2022, while Binance initially announced its intention to delist all privacy tokens in certain countries in May 2023, but later reversed its decision in June.
The move reflects a broader industry trend related to regulatory compliance and concerns regarding the use of privacy coins for illicit activities.
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