Privacy-Focused Altcoins Suffer Price Drops After Crypto Exchange OKX Says It Will Delist Monero, Zcash and Dash

A trio of privacy-focused altcoins are seeing dips in value after a distinguished crypto trade platform mentioned it’s going to delist them.

In a brand new firm blog post, the Seychelles-based crypto trade OKX says that it’s going to delist Monero (XMR), Zcash (ZEC), and Sprint (DASH) as they now not match the agency’s itemizing standards, although no actual was motive was given.

“As a way to preserve a strong spot buying and selling surroundings, we always monitor the efficiency of all listed buying and selling pairs and evaluate their itemizing {qualifications} frequently.

Primarily based on suggestions from customers and the OKX Token Delisting / Hiding Guideline, we might be delisting a number of buying and selling pairs that don’t fulfill our itemizing standards… We’ll proceed to watch all listed buying and selling pairs and implement the delisting/hiding mechanism as vital.”

In keeping with OKX, customers ought to cancel orders involving the digital currencies instantly.

The altcoins’ pairings with stablecoins similar to Tether (USDT) and USDC might be eliminated, in addition to their pairings with crypto king Bitcoin (BTC), on both January 4th or fifth. Moreover, the power for customers to deposit the tokens was suspended on the twenty seventh whereas withdrawing them might be suspended on March fifth, 2024.

Different digital property being delisted by OKX embrace cross-chain protocol Fusion (FSN), layer-2 decentralized trade (DEX) ZKSpace (ZKS), and zero-knowledge community Horizen (ZEN).

The information precipitated the digital property to endure value drops as Monero, Zcash, and Sprint every noticed respective decreases of 6.5%, 10.4%, and 10.6% over the past 24 hours.

XMR is buying and selling for $166 at time of writing whereas Zcash and Sprint are valued at $29.20 and $34.05, respectively.

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