Three privacy-focused altcoins are falling in price after they announced their delisting from a popular cryptocurrency exchange platform.
Seychelles-based cryptocurrency exchange OKX said in a new company blog post that it will delist Monero (XMR), Zcash (ZEC), and Dash (DASH) because they no longer meet the company’s listing criteria. given.
“To maintain a strong spot trading environment, we continuously monitor the performance of all listed trading pairs and regularly review their listing eligibility.
Based on user feedback and OKX token delisting/hiding guidelines, we will be delisting several trading pairs that do not meet our listing criteria… We will continue to monitor all listed trading pairs and delist/hide them as necessary. We will implement a hiding mechanism.”
According to OKX, users should cancel orders involving virtual currencies immediately.
Altcoin pairings with stablecoins such as Tether (USDT) and USDC, as well as pairings with cryptocurrency king Bitcoin (BTC), will be removed on January 4th or 5th. Additionally, users’ ability to deposit tokens will be discontinued on the 27th, and withdrawals will be discontinued on March 5, 2024.
Other digital assets being delisted by OKX include cross-chain protocol Fusion (FSN), layer 2 decentralized exchange (DEX) ZKSpace (ZKS), and zero-knowledge network Horizen (ZEN).
The news caused prices of digital assets to fall, with Monero, Zcash, and Dash falling 6.5%, 10.4%, and 10.6% respectively in the last 24 hours.
XMR is trading at $166 at the time of this writing, while Zcash and Dash are worth $29.20 and $34.05 respectively.
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