OKX to delist privacy coins

[Freemind]

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.

Everything is based on knowledge. Why do a large number of cryptocurrency users use centralized exchanges? Due to its simplicity and “ease of use”, you don't need to know much about blockchain to create an account on any centralized exchange. On the other hand, using decentralized exchanges requires some broader knowledge, it is not necessary to be an expert in anything, but users need to know better how blockchain works. Due to this ease of use, users do not need to know much more, until the requirement to perform KYC appears, something that many users do not mind as long as they can use the exchange. After that, privacy disappears 100%.

That is why every day we will see new DEXs born where we can exchange our privacy coins, without KYC, without control and with total decentralization. I'm not worried about what happens to all the CEX's, they've already made billions and left users at the bottom.

[Z-tight]

That is why every day we will see new DEXs born where we can exchange our privacy coins, without KYC, without control and with total decentralization. I'm not worried about what happens to all the CEX's, they've already made billions and left users at the bottom.

I totally agree with you, and other than the fact that people consider centralized exchanges more convenient, they also use it because that is what they were exposed to when they became interested in crypto, imagine if p2p exchanges are promoted to newbies, they would learn how to use it right from the beginning of their crypto journey. I am also not worried about centralized exchanges and it would be great if there is more liquidity in p2p exchanges and more people use them for their trades.

[NikeFit_7777]

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.

You're absolutely right. The XMR developers themselves have not reacted in any way to the removal of trading pairs from Binance. Therefore, if any (other semipolar exchanges), similarly remove trading pairs. This will have no effect on the price and the development of the asset. Who thinks otherwise - I suggest to open the XMR chart and see for yourself.

You know, let there really only be trades on the DEX, not mini-manipulations by the exchanges. Or someone is benefiting from such manipulation. To buy a little lower, on positive news to sell at a good %.

P.S. When there is incomprehensible news, first of all think about it (who exactly benefits from it) and then make decisions. 

[Freemind]

You're absolutely right. The XMR developers themselves have not reacted in any way to the removal of trading pairs from Binance. Therefore, if any (other semipolar exchanges), similarly remove trading pairs. This will have no effect on the price and the development of the asset. Who thinks otherwise - I suggest to open the XMR chart and see for yourself.

You know, let there really only be trades on the DEX, not mini-manipulations by the exchanges. Or someone is benefiting from such manipulation. To buy a little lower, on positive news to sell at a good %.

P.S. When there is incomprehensible news, first of all think about it (who exactly benefits from it) and then make decisions. 

XMR developers may be happy with what is currently happening due to the legal issues that centralized exchanges must comply with. For many years, centralized exchanges have ignored what they knew was going to happen sooner or later, giving "everything" to the user in exchange for "nothing". Now "nothing" is all the private data of those millions of users, and not only that, now said users will have to trade on exchanges that they may not know about, I mean how DEXs work.

[arabspaceship123]

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.

Services will appear when there's a need for services because supply & demand makes the business world move. When privacy coins get delisted DEX's will pick up profits.

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.

There's a list of DEX's which trade XMR but we're expecting it's going to get longer. New ops for coders to get involved means ppl will have more choice.

[NikeFit_7777]

XMR developers may be happy with what is currently happening due to the legal issues that centralized exchanges must comply with. For many years, centralized exchanges have ignored what they knew was going to happen sooner or later, giving "everything" to the user in exchange for "nothing". Now "nothing" is all the private data of those millions of users, and not only that, now said users will have to trade on exchanges that they may not know about, I mean how DEXs work.

That's right, the exchanges and regulation didn't go along with it. Even though the exchange rate temporarily dropped - but it showed the strength of the community + what their goals are. Totally support their actions. Without Binance, + OKX there will be demand, and it increases several times after such situations. It is only to their advantage in any case.

P.S. If you look at the chart, you can instantly see that there was momentum (positive) the price went up and is now reaching its old values. Far more interesting is how the SEC will define these assets. And what they will say + how will to act.

[Freemind]

That's right, the exchanges and regulation didn't go along with it. Even though the exchange rate temporarily dropped - but it showed the strength of the community + what their goals are. Totally support their actions. Without Binance, + OKX there will be demand, and it increases several times after such situations. It is only to their advantage in any case.

P.S. If you look at the chart, you can instantly see that there was momentum (positive) the price went up and is now reaching its old values. Far more interesting is how the SEC will define these assets. And what they will say + how will to act.

It is true, as you have already seen when looking at the graph, it is resistance. Of course, XMR could lose market value, but it would be temporary and would not take long to recover. No matter what centralized exchanges do, they have always represented the complete opposite of privacy. By selling and buying XMR (and other cryptocurrencies) on decentralized exchanges, people will not only gain privacy, but will also discover a new world and realize how important it is to gain knowledge without having to sell data about private life.

[NikeFit_7777]

It is true, as you have already seen when looking at the graph, it is resistance. Of course, XMR could lose market value, but it would be temporary and would not take long to recover. No matter what centralized exchanges do, they have always represented the complete opposite of privacy. By selling and buying XMR (and other cryptocurrencies) on decentralized exchanges, people will not only gain privacy, but will also discover a new world and realize how important it is to gain knowledge without having to sell data about private life.

Honestly? It felt like the exchanges started delisting XMR on purpose. Rather, they thought to manipulate and so on. Alas, it did not work out. On the contrary, the community has shown that it makes absolutely no difference to them whether a given asset is traded on the x-exchange or not. They did the right thing, in a word. They didn't follow the example of decentralized platforms. As far as I'm concerned, that's the way it should be. By such actions they have shown - that it is absolutely not about the funds, but about the XMR technology.

P.S. Do you think, in the shortest possible time, the other exchanges will remove XMR from trading pairs in a similar way? I think it's inevitable. I mean, regulation is coming. 

[Freemind]

Honestly? It felt like the exchanges started delisting XMR on purpose. Rather, they thought to manipulate and so on. Alas, it did not work out. On the contrary, the community has shown that it makes absolutely no difference to them whether a given asset is traded on the x-exchange or not. They did the right thing, in a word. They didn't follow the example of decentralized platforms. As far as I'm concerned, that's the way it should be. By such actions they have shown - that it is absolutely not about the funds, but about the XMR technology.

P.S. Do you think, in the shortest possible time, the other exchanges will remove XMR from trading pairs in a similar way? I think it's inevitable. I mean, regulation is coming. 

All centralized exchanges that want to operate in countries with crypto regulations, legislated by governments, must compulsorily comply with these regulations, otherwise they will not obtain a license and will not be able to operate legally. If to comply with those laws, exchanges must remove privacy coins from their trading pairs, they will certainly remove them, since exchanges make more money from fees from other markets than from privacy coins alone, you know, it's all about money.

All exchanges will do it, at least the best known and highest volume ones, but I don't think that will happen overnight. As for XMR, I wouldn't worry, decentralized exchanges are its birthplace, although many people don't know it yet. Furthermore, the #DevelopmentTeam  knows very well what they are doing and what direction XMR is taking and I am sure they are not worried about XMR disappearing from centralized exchanges.

[cebo]

The more cryptocurrency is adopted by all levels of society, the more regulations will be implemented.
The more regulations that are implemented, the stricter the rules that cryptocurrency will accept, just like privacy coins.

OKEx is sure to get this new rule because of the large adoption of cryptocurrency by all the factors that support OKEx.
Binance is also the same, all privacy coins on Binance were delisted and this has an impact on all markets throughout the cryptocurrency space.

[NikeFit_7777]

All centralized exchanges that want to operate in countries with crypto regulations, legislated by governments, must compulsorily comply with these regulations, otherwise they will not obtain a license and will not be able to operate legally. If to comply with those laws, exchanges must remove privacy coins from their trading pairs, they will certainly remove them, since exchanges make more money from fees from other markets than from privacy coins alone, you know, it's all about money.

All exchanges will do it, at least the best known and highest volume ones, but I don't think that will happen overnight. As for XMR, I wouldn't worry, decentralized exchanges are its birthplace, although many people don't know it yet. Furthermore, the #DevelopmentTeam  knows very well what they are doing and what direction XMR is taking and I am sure they are not worried about XMR disappearing from centralized exchanges.

Right you write, I am familiarised with the situation in this regard + I read the news about it all the time. In any case, over time, regulation + restrictions will affect every user and every campaign. Whether we want it or not.

P.S. Most of all, loved how the XMR community reacted to the news from the exchanges. In terms of adequately making decisions + getting out of the situation. Not every campaign (or community) will be able to solve these kinds of problems.  For me personally, it says a lot. 

[Gurujebs]

OKEx is sure to get this new rule because of the large adoption of cryptocurrency by all the factors that support OKEx.
Binance is also the same, all privacy coins on Binance were delisted and this has an impact on all markets throughout the cryptocurrency space.

This is because only few people used privacy coin these days. There ways a time when privacy coins were the next thing here. Dash and Monero took the lead of the most sort out coin back then but today, it's surprise me how the mighty has fallen even the exchanges are delisting it, they don't want to associate with it because they fear the government will come after them.

What lesson is to be learn here. If you are not buying Bitcoin to hold, know that altcoins are just temporary demand, many of them fade out with time except for the lucky ones endorse by the already existing projects like how ethereum support some layer 2 projects such Matic, Optimizm, and Abitrum.

[Freemind]

Right you write, I am familiarised with the situation in this regard + I read the news about it all the time. In any case, over time, regulation + restrictions will affect every user and every campaign. Whether we want it or not.

P.S. Most of all, loved how the XMR community reacted to the news from the exchanges. In terms of adequately making decisions + getting out of the situation. Not every campaign (or community) will be able to solve these kinds of problems.  For me personally, it says a lot. 

All users must look for alternatives to abusive regulations, or there will come a time when we will have to show our personal information even to open a Gmail account. Mixers have done a great job showing how to anonymize our currencies, but the "problem" arises when fiat money comes into the picture, and that's the next bastion that will be overtaken by crypto and the community, but it's also the hardest part because of the regulations. The big question is how and when something like this can be done.

[NikeFit_7777]

All users must look for alternatives to abusive regulations, or there will come a time when we will have to show our personal information even to open a Gmail account. Mixers have done a great job showing how to anonymize our currencies, but the "problem" arises when fiat money comes into the picture, and that's the next bastion that will be overtaken by crypto and the community, but it's also the hardest part because of the regulations. The big question is how and when something like this can be done.

Alas (in my opinion), eventually absolutely everyone (whether someone wants to or not) - but will have to pay taxes + prove for the origin of earnings. Far from the fact that this alternative will be, I have very big doubts about it.

Therefore, the delisting of such (anonymous) coins is the first sign that this is just the beginning. It will be mandatory for exchanges to get rid of trading pairs. Because the SEC will shut them down. It's business as usual. 

[DAMKAR]

The more cryptocurrency is adopted by all levels of society, the more regulations will be implemented.
The more regulations that are implemented, the stricter the rules that cryptocurrency will accept, just like privacy coins.

OKEx is sure to get this new rule because of the large adoption of cryptocurrency by all the factors that support OKEx.
Binance is also the same, all privacy coins on Binance were delisted and this has an impact on all markets throughout the cryptocurrency space.

I think the Akita understands that exchange must comply with the regulations made by the government. if the government prohibits privacy coins for fear of misuse, the exchange will delist the coins, privacy coins are being monitored by the government, so it is normal for this to happen, delisted in exchange