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
Perhaps we will have to accept that crypto also needs to be regulated as part of financial market.Yeah if we too rigid we break only the flexible ones survive. Some regulation needs to be put in place, which would increase the community size since there still exist individual that believe cryotocurrency is scam.
Most DEXs run on central servers and claim to be a DEX, but in reality they have a point of failure, such as crypto bridges, for example.
DEX is a possibility but I'm not sure about existence of Dapps that support ZEC, XMR or DASH. Perhaps we will have to accept that crypto also needs to be regulated as part of financial market.
What was the trading volume prior to the announcement? I doubt it's below their threshold. I find it funny that they made it appear as if there was a consensus among their users to remove those trading pairs. For me, it's pretty obvious that it was their sole decision and they would have delisted them even if their users disagrees.Privacy coins do not have large price fluctuations because most of them are POW coins, so most of the trading volumes come from people who want to buy them and sell them again to mix their cryptocurrencies and break the link between them.
It's something that sooner or later had (or could) to happen. All exchanges that want to operate in countries with cryptocurrency and blockchain regulations must comply with the established laws. It is true that for many users it is a hard blow, but otherwise many exchanges would not be able to continue functioning and some would have to close. The options are now in the hands of the users, as OKX will not be the only exchange to make this decision. However, some DEXs (and other forms of trading) are still available.
This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.Well, i do not know how others see this, but I personally think this is exactly how it should have been right from the start, decentralization goes hand in hand with privacy, and as such, privacy coins should have never had anything to do with centralized exchanges, since they are of, represent, and operate in two different worlds.
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.
QuoteIn 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.
In the cryptocurrency industry, things are not just as you have thought about it. Take bitcoin for instance, bitcoin is the only true decentralized coin, yet it is traded on CEXs. In this industry, everything is dependent on one another, of exchanges do not trade privacy coins, the utility will be low and have will not have impacts in the industry.This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.Well, i do not know how others see this, but I personally think this is exactly how it should have been right from the start, decentralization goes hand in hand with privacy, and as such, privacy coins should have never had anything to do with centralized exchanges, since they are of, represent, and operate in two different worlds.
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.
I personally feel that, privacy coins being traded on exchanges that do not support users privacy, is a total contradiction to the purpose of privacy coins in the first place, which is to promote privacy and decentralization in the crypto space and amongst crypto users.
Xxx
So, in the nutshell, privacy coins belong to decentralized exchanges, they should never have anything to do with centralized exchanges where users privacy is of no value due to regulation and other reasons.If we trace the origins of 90% of CEXs, you will find that exchange began with registration in the Seychelles, Cyprus, Cayman Islands, or any country that grants a license without strictness in the rules of money laundering, and therefore they only need to request basic data such as the user name and email to open the account, and therefore they have no problem with accepting privacy coins, with the increase in demand for the platform and its need for expansion, it will require more stringent licenses, including reducing withdrawal limits and requesting KYC from users.
In the cryptocurrency industry, things are not just as you have thought about it. Take bitcoin for instance, bitcoin is the only true decentralized coin, yet it is traded on CEXs. In this industry, everything is dependent on one another, of exchanges do not trade privacy coins, the utility will be low and have will not have impacts in the industry.
In the cryptocurrency industry, things are not just as you have thought about it. Take bitcoin for instance, bitcoin is the only true decentralized coin, yet it is traded on CEXs.Being decentralized or not has little to no relevance for CEX listing as far as I'm aware. Most exchanges list coins for their profits (get trading fees, etc), so they'd be more than happy to list any centralized coins as long as they can make money. On top of that, government has no problem whatsoever with coins like Bitcoin, they just dislike stuff that makes everything more private.
In the cryptocurrency industry, things are not just as you have thought about it. Take bitcoin for instance, bitcoin is the only true decentralized coin, yet it is traded on CEXs. In this industry, everything is dependent on one another, of exchanges do not trade privacy coins, the utility will be low and have will not have impacts in the industry.This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.Well, i do not know how others see this, but I personally think this is exactly how it should have been right from the start, decentralization goes hand in hand with privacy, and as such, privacy coins should have never had anything to do with centralized exchanges, since they are of, represent, and operate in two different worlds.
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.
I personally feel that, privacy coins being traded on exchanges that do not support users privacy, is a total contradiction to the purpose of privacy coins in the first place, which is to promote privacy and decentralization in the crypto space and amongst crypto users.
Xxx
Meanwhile, any centralized exchanges that is listing privacy coins in its platform must have known the risk involved and ready to dance the tune the government will play for them.
Being decentralized or not has little to no relevance for CEX listing as far as I'm aware. Most exchanges list coins for their profits (get trading fees, etc), so they'd be more than happy to list any centralized coins as long as they can make money. On top of that, government has no problem whatsoever with coins like Bitcoin, they just dislike stuff that makes everything more private.
QuoteIn 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.
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..
Personally I think it is positive that this happens, privacy coins and decentralized exchange is the best for the user, privacy and personal data.
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.
I think It's not big problem, if CEX such as OKX delist privacy coin, especially monero.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.
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.
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.I think It's not big problem, if CEX such as OKX delist privacy coin, especially monero.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.
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.
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 :P
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
QuoteIn 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.
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.
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.
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.
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.
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.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.
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. 8)
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.
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.
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.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.
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.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.
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.
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.
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. 8)
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.
The more cryptocurrency is adopted by all levels of society, the more regulations will be implemented.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
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.
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. ;D
That's what I have always said. The newbies maintain what they were told and where they were introduced during their newbie days. Personally, it took me some times to unlearn some wrong things I was told when I was a newbie. Just because CEXs are more user friendly and do not require any kind of technical knowledge such as signing a message, you see people flood there and allow themselves to be monitored and censored by others. For the sake of privacy coins, DEX will be sustained. We are all moving to decentralization.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.
That's what I have always said. The newbies maintain what they were told and where they were introduced during their newbie days. Personally, it took me some times to unlearn some wrong things I was told when I was a newbie. Just because CEXs are more user friendly and do not require any kind of technical knowledge such as signing a message, you see people flood there and allow themselves to be monitored and censored by others. For the sake of privacy coins, DEX will be sustained. We are all moving to decentralization.
I agree with what you say, but I also think that things could even go a little further. For example, blocking all cryptocurrencies whose origin cannot be verified or a higher percentage when taxes are declared on them, or even that the law has the ability to confiscate said cryptocurrencies when the possible origin derives from a crime.Alas, sooner or later we would have come to that. Any kind of anonymity has always been attractive to the authorities to close this function. I wouldn't be surprised (absolutely) if soon the SEC will speak out on this issue + start demanding (forcibly) that all exchanges remove such coins from trading pairs, etc.
Eliminating privacy coins is the first step towards more complete control of citizens, regardless of country or government, which has always been the goal. In this, CBDCs play a very important role, since being digital, governments will know at all times how much money we have and how we use it, so our privacy will go one step lower. Although it may not seem like it, both things have a lot in common.
Alas, sooner or later we would have come to that. Any kind of anonymity has always been attractive to the authorities to close this function. I wouldn't be surprised (absolutely) if soon the SEC will speak out on this issue + start demanding (forcibly) that all exchanges remove such coins from trading pairs, etc.
P.S. It is worth accepting the problem and coming to terms with it. Alas, we as users can't change much in this matter. And it is unlikely (I think so) that we will be able to influence (in any way) future regulation by the authorities (of most countries). :o
This was not explicitly announced, but all the currency pairs that were delisted are related to privacy coins.
The SEC can file as many lawsuits as it wants, that is not a problem in itself. The problem is with the exchanges that receive these lawsuits and where their licenses operate. If those exchanges are licensed outside the United States and countries related to the United States, they will be able to continue operating without problem. The problem will come when some exchanges have to obey without being able to give their reasons, at that point they should remove the privacy coin pairs and continue on their way.Alas (unfortunately), the exchanges do what they are told. In the future, the situation will worsen in this regard, because there will be strong regulation not only of anonymous assets but also of exchanges.
Another added problem is that although there are countries where the SEC does not have jurisdiction, their governments could rely on United States regulations to, by modifying certain parts, have very similar guidelines, which would end up being the same, and authorized exchanges should also end up deleting privacy coin pairs.
Alas (unfortunately), the exchanges do what they are told. In the future, the situation will worsen in this regard, because there will be strong regulation not only of anonymous assets but also of exchanges.
There are only two ways out, or they obey the jurisdiction + those rules/laws or completely close their activities, both with exchanges and projects. In my understanding, there can be no other way. Again, what you and I are seeing is just the beginning of regulation, the further it goes the worse it gets. Alas... :(