Crypto analysis: OKX Delisting Shakes Dash and Zcash, Prices Drop by 10%

[Cryptocrit]

OKX, which is the world's fourth-largest cryptocurrency exchange, has shared that it will remove certain crypto tokens on December 28th, 2023. The reason behind this decision is that these tokens don't meet OKX's listing criteria, which is based on user feedback and their own guidelines.

Read more..
https://www.cryptocrit.xyz/2023/12/crypto-analysis-okx-delisting-shakes.html

[Yamane_Keto]

Zcash (ZEC) price is $28.48 down by 1.59% (1d) and Dash (DASH) price is $32.65 down by 0.60% (1d)

These coins were not affected by this news, although the reaction is expected to be negative in the future.
It's a call to developers and investors that it's time to move to DEXs if you care about your privacy.

[James Anderson]

I think these are the memecoins

[Jamal Aezaz]

Zcash (ZEC) price is $28.48 down by 1.59% (1d) and Dash (DASH) price is $32.65 down by 0.60% (1d)

These coins were not affected by this news, although the reaction is expected to be negative in the future.
It's a call to developers and investors that it's time to move to DEXs if you care about your privacy.

You are right. DEXs seem to be the only right choice left for everyone concerning their privacy. but the projects got delisted are Coins. not Tokens. and there is no any good DEX that supports Coins like these. Almost all tex only support Tokens that are compatible with EVM wallets.

I think these are the memecoins

No man. they are not memecoins. I think you didn't check the delisted coins names.
the tokens delisted are Dash, Zcash, and Monero. they are well-established Cryptocurrencies.

[DabsPoorVersion]

I think these are the memecoins

No, it is different from the meme coins that are currently being known nowadays. DASH and ZEC are among the earliest altcoins that exist in the cryptocurrency market. They are well known, particularly among those who have been involved in crypto for such a long time. These cryptocurrencies are known for their specific functions, such as providing security and offering cheap transaction fees.

[Senin]

Zcash (ZEC) price is $28.48 down by 1.59% (1d) and Dash (DASH) price is $32.65 down by 0.60% (1d)

These coins were not affected by this news, although the reaction is expected to be negative in the future.
It's a call to developers and investors that it's time to move to DEXs if you care about your privacy.

You are right. DEXs seem to be the only right choice left for everyone concerning their privacy. but the projects got delisted are Coins. not Tokens. and there is no any good DEX that supports Coins like these. Almost all tex only support Tokens that are compatible with EVM wallets.

I think these are the memecoins

No man. they are not memecoins. I think you didn't check the delisted coins names.
the tokens delisted are Dash, Zcash, and Monero. they are well-established Cryptocurrencies.

Monero, Zcash (ZEC) and Dash (DASH) are the most famous types of cryptocurrencies with a high level of anonymity. I see that it was coins with a high level of anonymity that suffered in this case. These coins have long fallen out of favor with states and over time they will only increase this pressure until these cryptocurrencies become illegal or disappear completely. We need to take this into account and determine our choice.

[gunhell16]

Zcash (ZEC) price is $28.48 down by 1.59% (1d) and Dash (DASH) price is $32.65 down by 0.60% (1d)

These coins were not affected by this news, although the reaction is expected to be negative in the future.
It's a call to developers and investors that it's time to move to DEXs if you care about your privacy.

You are right. DEXs seem to be the only right choice left for everyone concerning their privacy. but the projects got delisted are Coins. not Tokens. and there is no any good DEX that supports Coins like these. Almost all tex only support Tokens that are compatible with EVM wallets.

I think these are the memecoins

No man. they are not memecoins. I think you didn't check the delisted coins names.
the tokens delisted are Dash, Zcash, and Monero. they are well-established Cryptocurrencies.

That makes me think that the volume that they have is very good; they are both at 1 million more than the daily volume that Zcash and Dash can provide on the said platform exchange. Does that mean that its daily volume must be above 2 million?

It turns out that the volume required for this letter is very high, if I'm not mistaken. We can't do anything if that's the policy of Okx; there is still Dex, and there are also many communities that use Dex platforms anyway.

[Faisal2202]

I can understand the delisting of tokens of phase 1 but the coins of phase 2 are good ones, why would OKX make such a step toward these coins, while OKX is a decentralized exchange and the coins of the second phase are also proved to be used in the decentralization and privacy matters. Like Monero, Zcash, etc.

Well, whatever the reason would be, they must have some good reason, and I can see Zcash has not had that much trading volume on OKX in the last 24 hours, maybe due to this news many have already flown from this exchange. TBH, I just came to know about OKX due to an airdrop of AVIVE, it is not even on play store, so I first hesitated to download it.