Prices of the popular privacy coins went into freefall after Bittrex’s announced today that it will delist Monero, Dash and Zcash later this month.
As Decryptreported earlier today, the exchange announced that it will delist Monero (XMR), Dash (DASH), and Zcash (ZEC) on January 15, 2021, at 23:00 UTC.
The sudden announcement sent the prices of these privacy coins into a downward spiral. Since the announcement by Bittrex, the price of XMR is down by 12.4%, ZEC is down 9.5% and DASH is down 8.7%, according to CoinGecko. That's an average drop of 10%.
Several exchanges, such as US-based ShapeShift, South Korea’s Bithumb, and the Netherlands-based exchange, LiteBit, have already delisted or refused to list privacy coins to comply with governments concerned with money laundering.
Crypto exchange Bittrex today announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC.
#Bittrex Customers:
The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC.
Details: https://t.co/8qAdjuwryJ
— Bittrex (@BittrexExchange) January 1, 2021
The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins—a class of cryptocurrencies that offer untraceable transact...
Decrypt has reached out to Bittrex for comment on the delisting and will update this piece should we hear back.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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