XMR, ZEC, ZEN update: Is Binance about to delist these privacy coins?

XMR, ZEC, ZEN update: Is Binance about to delist these privacy coins?
фото показано с : invezz.com

2024-1-4 12:06

Just days after crypto exchange OKX announced the delisting of top privacy coins Monero (XMR), Zcash (ZEC) and Horizen (ZEN), top exchange Binance has added these coins to a list of tokens at risk of being delisted.

On January 4, Binance released an update to its Monitoring Tag list adding XMR, ZEC and ZEN among other tokens. The exchange however removed GMX (GMX) and Sushi (SUSHI) from the Seed Tag list.

Is Binance set to delist Monero, Zcash, Horizen?

Binance, like Coinbase, have traditionally been associated with a more positive effect on tokens when they announce listing. The prices of most projects have gone on to explode pre-listing, with visibility and greater liquidity among the key factors.

That was the case with Binance’s recent listing of several tokens, including Bonk, Celestia and ORDI.

However, a delisting announcement has often coincided with a dip in prices amid loss of liquidity. While adding a coin to the Monitoring Tag list does not mean automatic delisting, the move means the exchange is closely monitoring these tokens based on internal risk evaluation and other criteria.

“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance notes.

Regulatory compliance, which incidentally has increased since Binance’s $4.3 billion settlement with US authorities and the ongoing tussle with the SEC, is another factor likely to play into a decision to delist the privacy coins.

In December 2023, Binance moved to delist TORN, the governance token of crypto mixing platform Tornado Cash. The price of TORN fell sharply after the news. While the prices of XMR, ZEC and ZEN are generally down as of writing, with broader market dipping following Bitcoin’s flash crash on January 3.

Market observers have noted that Binance’s settlement with the US Department of Justice, Commodity Futures Trading Commission (CFTC) andFinancial Crimes Enforcement Network (FinCEN) could see the exchange “clean” house further with token delistings.

In the latest announcement, other tokens available with a Monitoring Tag include Aragon (ANT), Firo (FIRO), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), and Vai (VAI).

The post XMR, ZEC, ZEN update: Is Binance about to delist these privacy coins? appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dragon Coins (DRG) на Currencies.ru

$ 0.0041142 (-0.21%)
Объем 24H $57
Изменеия 24h: 1.39 %, 7d: -0.73 %
Cегодня L: $0.0041142 - H: $0.0041142
Капитализация $1.434m Rank 99999
Доступно / Всего 348.657m DRG

coins xmr these privacy exchange zec binance

coins xmr → Результатов: 111


Фото:

OKX to delist spot pairs for privacy coins XMR, ZEC and DASH

Crypto exchange OKX has announced the delisting of several privacy-focused coins, including Monero (XMR), Dash (DASH), Zcash (ZEC) and Horizen (ZEN). Other tokens to be delisted are Fusion (FSN), a cross-chain ecosystem for financial transactions; ZKSpace (ZKS) a ZK-based layer 2 solution; meme coin ILCAPO (CAPO) and structured DeFi products token PowerPool Concentrated Voting Power […]

2023-12-29 12:48


Фото:

DigiToads (TOADS) Continues to Attract Users as Monero (XMR) And Stellar (XLM) Stagnate

The cryptocurrency market has shifted into the altseason, a season of the rising popularity of altcoins. As the duration of the altcoin season can vary and is difficult to predict, crypto enthusiasts need to start looking for the coins that will steady the tide, and DigiToads (TOADS), a new meme coin with attractive user features, […]

2023-4-25 01:21


DigiToads (TOADS), Monero (XMR), and Dogecoin (DOGE): The Unlikely Trio Shaking Up the Crypto World

The cryptocurrency world constantly evolves, with new coins and tokens emerging daily. However, some cryptocurrencies stand out from the rest due to their unique features and widespread adoption. DigiToads (TOADS), Monero (XMR), and Dogecoin (DOGE) are three such cryptocurrencies that have gained popularity among investors and traders alike.

2023-4-24 00:00


Фото:

Monero (XMR) Adoption on the Rise Despite War Against Privacy Coins 

Financial authorities in the United States as well as other parts of the globe have been scrutinizing privacy coins in recent times. However, the latest Cryptwerk data has revealed that the number of businesses accepting monero (XMR) across the world has risen to 950, while 28 crypto payments processors currently facilitate XMR transactions. Monero (XMR)Read More

2021-5-14 16:00


Фото:

Secret Ethereum Bridge Goes Live, Converting ERC-20 Tokens Into Privacy Coins

According to an announcement from the Secret Network blog, their new protocol named the ‘Secret’ bridge is now live on the Ethereum mainnet. The Secret Ethereum Bridge was designed to create programmable privacy tokens out of ETH and other ERC-20 tokens, a purpose that could function similarly with Monero (XMR) and Zcash (ZEC). “Secret” VersionsRead More

2020-12-19 09:33


Dash, Zcash delisting decision under review: OKEx Korea

There is no silver lining in a situation where a major exchange in the industry has decided to delist certain assets. Over the past month, South Korea’s OKEx, one of the leading crypto-exchanges in the world, reached a decision to stop supporting certain privacy-centric coins, including major assets such as Dash [DASH], Monero [XMR] and […] The post Dash, Zcash delisting decision under review: OKEx Korea appeared first on AMBCrypto.

2019-10-11 14:00