OKX to delist privacy coins

[therozaq]

In order to maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis. Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our listing criteria.

XMR-BTC, XMR-ETH, XMR-USDT, XMR-USDC, DASH-BTC, DASH-USDT, ZEC-BTC, ZEC-USDT, ZEC-USDC, ZEN-BTC, ZEN-USDT

Source ---> https://www.okx.com/help/okx-to-delist-several-spot-trading-pairs-12-29

This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.
As days go by, I expect that the trading of privacy coins will be limited to Bisq aka decentralized exchanges, and that the users will be users who have a real desire to enhance their privacy.

This is normal, because the advantage of transactions that use privacy coins is that they cannot be tracked, and the disadvantage is that joining will be banned in several countries, and may be delisted from several exchanges.
I have predicted it, before.
But don't worry...
there are still other exchanges

[elbans89]

OKX delist privacy coin such as XMR, don't worry we can buy and do transaction in other exchange. Finance, kraken, gate.io, Huobi, kucoin are alternate exchange for privacy coin.
We can do transactions there..

[Freemind]

OKX delist privacy coin such as XMR, don't worry we can buy and do transaction in other exchange. Finance, kraken, gate.io, Huobi, kucoin are alternate exchange for privacy coin.
We can do transactions there..

The problem (not for everyone) is not that OKX is removing Monero from the exchange. The problem is that it is something that all centralized exchanges will do, the laws of each country (fortunately not all) require not having privacy coins, and that is something that will happen sooner or later. As I said in one of my previous posts in this thread, in the end all users will have to trade on decentralized exchanges as that will be the only way.

Personally I think it is positive that this happens, privacy coins and decentralized exchange is the best for the user, privacy and personal data.

[de_prof]

Personally I think it is positive that this happens, privacy coins and decentralized exchange is the best for the user, privacy and personal data.

Agree, we still do transaction use privacy coins in DEX.
So I think It's not the big problem for privacy coins fans.
OKX delisted monero, it's just about government policy.
We must accept it.

[DAMKAR]

Personally I think it is positive that this happens, privacy coins and decentralized exchange is the best for the user, privacy and personal data.

Agree, we still do transaction use privacy coins in DEX.
So I think It's not the big problem for privacy coins fans.
OKX delisted monero, it's just about government policy.
We must accept it.

Yeah, we  can buy monero in DEX.
Although OKX delist monero, I think DEX is another exchange to do transaction.
the government will always against privacy coin, because they worry privacy coins will be misused by illegal activities.
that's normal.
I still have confidence, privacy coins will survive.

[dekafee79]

I think It's not big problem, if CEX such as  OKX delist privacy coin, especially monero.
As member said above, I think we always see the government against privacy coins.
But  still have other choices, we can buy Monero in DEX, so we still do transactions in DEX.
So, if we want do private transaction, no worries about it.

[KryptoBull]

I think It's not big problem, if CEX such as  OKX delist privacy coin, especially monero.
As member said above, I think we always see the government against privacy coins.
But  still have other choices, we can buy Monero in DEX, so we still do transactions in DEX.
So, if we want do private transaction, no worries about it.

To grow, crypto needs to become part of economy, so exchanges must also comply with AML/KYC regulations of governments. Privacy coins cannot meet AML standards, they can be exploited by bad guys, so they will soon disappear from exchange list.
Users can still trade privacy coins via OTC, but being delisted from the exchange will cause privacy cois to lose liquidity and gradually be forgotten by the majority of investors 

[KingsDen]

I think It's not big problem, if CEX such as  OKX delist privacy coin, especially monero.
As member said above, I think we always see the government against privacy coins.
But  still have other choices, we can buy Monero in DEX, so we still do transactions in DEX.
So, if we want do private transaction, no worries about it.

To grow, crypto needs to become part of economy, so exchanges must also comply with AML/KYC regulations of governments. Privacy coins cannot meet AML standards, they can be exploited by bad guys, so they will soon disappear from exchange list.
Users can still trade privacy coins via OTC, but being delisted from the exchange will cause privacy cois to lose liquidity and gradually be forgotten by the majority of investors 

What I like most is your ability to understand that in order to have a perfect cryptocurrency ecosystem, all the parastatals of cryptocurrency must surely work together in order to have the global adoption we demand. The exchanges are like the banks and you cannot do without them. In as much as they decentralized exchanges are important, also centralize exchanges are also important. There is nothing better than alternatives and that is why satoshi decided to make us a coin that is an alternative to fiat.

But as you have pointed out, the problem of privacy coins is that the more exchanges are the listing them they will lose liquidity and popularity and hence they fade away because they did not even have tangible utility except for privacy and not everyone is so private.

[Freemind]

If centralized exchanges remove privacy coins from their peer lists (something that seems likely to happen sooner or later) they will logically lose a significant amount of business, but I think they will do it to avoid problems. At that time, decentralized exchanges will have greater attention and a larger number of users, and privacy coins will likely gain much greater volume than they have now. I think it's partly a logical evolution, privacy = decentralization. But really and maintaining the spirit and idea of ​​Bitcoin and cryptocurrencies, everything should be decentralized, something we might see one day.

[Gurujebs]

This is normal, because the advantage of transactions that use privacy coins is that they cannot be tracked, and the disadvantage is that joining will be banned in several countries, and may be delisted from several exchanges.
I have predicted it, before.
But don't worry...
there are still other exchanges

The exchange that are delisting privacy coins are only compliance with US, they are robbing US back because of tbe favors they will get in return but we know that US doesn't care about crypto, the only language they understand is Tax and Tax, don't want to have anything to with crypto whether it's privacy based or less privacy base. The few exchange that are top tier to delist XMR are not much again.

Some that are even available doesn't have a good track record, some of them are very good in seizing people crypto and some are good in not allowing people to withdraw their coin. Some of them are not good with liquidity, if XMR is trading for $150 in Binance for example, another exchange will trade similar to that price but order book might be mess up with bot trading below that price.

[Wiseman]

This will happen sooner or later on most exchanges and few people want to argue with the regulators, so coins such as Zcash are not growing but only falling in value because they are no longer used and therefore I would not advise to buy such coins for long-term retention in your wallet, it is better to pass them by.

[Freemind]

I think just the opposite. The removal of Zcash and Monero from centralized exchange pairs does not necessarily mean that they will lose value; On the contrary, I think they will gain more value. In fact, I believe that the two coins I mentioned should never have been available for trading on centralized exchanges, since its essence is totally opposite to centralization, but as we already know, business is business.

As I write these lines Monero and Zcash have not lost value, they are gaining it, you can see CMC or any similar website. If at some point privacy coins lose value, it will not only be the fault of the market itself, but centralized exchanges will also be responsible. These types of projects should never have been available on centralized exchanges, their place is the DEX.

[arabspaceship123]

It something ppl knew was going to happen. They're going to stop processing privacy coins because they don't want govt's to accuse them of crimes. Decentralised exchanges will get busy when privacy coins won't be traded on centralised exchanges.

In order to maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis. Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our listing criteria.

XMR-BTC, XMR-ETH, XMR-USDT, XMR-USDC, DASH-BTC, DASH-USDT, ZEC-BTC, ZEC-USDT, ZEC-USDC, ZEN-BTC, ZEN-USDT

Source ---> https://www.okx.com/help/okx-to-delist-several-spot-trading-pairs-12-29

This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.
As days go by, I expect that the trading of privacy coins will be limited to Bisq aka decentralized exchanges, and that the users will be users who have a real desire to enhance their privacy.

[Freemind]

It something ppl knew was going to happen. They're going to stop processing privacy coins because they don't want govt's to accuse them of crimes. Decentralised exchanges will get busy when privacy coins won't be traded on centralised exchanges.

I think everything that is happening (and will happen) regarding privacy coins and centralized exchanges is positive after all. Centralized exchanges directly collide with the idea of ​​decentralization, freedom and anonymity of users, basic pillars of cryptocurrencies. It is at this moment where decentralized exchanges and mixers begin to make more sense for many users who previously, due to ignorance or fear, did not dare to use them, and I am sure that new services will appear every time to increase the anonymity of users, something that any government hates. The path to true decentralization.

[Z-tight]

It something ppl knew was going to happen. They're going to stop processing privacy coins because they don't want govt's to accuse them of crimes. Decentralised exchanges will get busy when privacy coins won't be traded on centralised exchanges.

Yeah, many of us knew it was going to happen, p2p exchanges are even the appropriate places to trade privacy coins, but simply because there is more liquidity in centralized exchanges, people use them to trade their privacy coins. Now that most centralized exchanges have to comply and start delisting privacy coins, the demand in p2p exchanges is expected to go up, as it should be.