A trio of privacy-focused altcoins are seeing dips in worth after a outstanding crypto trade platform stated it will delist them.
In a brand new firm weblog put up, the Seychelles-based crypto trade OKX says that it’s going to delist Monero (XMR), Zcash (ZEC), and Sprint (DASH) as they not match the agency’s itemizing standards, although no actual was purpose was given.
“With a view to preserve a strong spot buying and selling setting, we always monitor the efficiency of all listed buying and selling pairs and evaluate their itemizing {qualifications} regularly.
Based mostly on suggestions from customers and the OKX Token Delisting / Hiding Guideline, we will likely be delisting a number of buying and selling pairs that don’t fulfill our itemizing standards… We are going to proceed to watch all listed buying and selling pairs and implement the delisting/hiding mechanism as obligatory.”
In response to OKX, customers ought to cancel orders involving the digital currencies instantly.
The altcoins’ pairings with stablecoins equivalent to Tether (USDT) and USDC will likely be eliminated, in addition to their pairings with crypto king Bitcoin (BTC), on both January 4th or fifth. Moreover, the power for customers to deposit the tokens was suspended on the twenty seventh whereas withdrawing them will likely be suspended on March fifth, 2024.
Different digital property being delisted by OKX embrace cross-chain protocol Fusion (FSN), layer-2 decentralized trade (DEX) ZKSpace (ZKS), and zero-knowledge community Horizen (ZEN).
The information precipitated the digital property to endure worth drops as Monero, Zcash, and Sprint every noticed respective decreases of 6.5%, 10.4%, and 10.6% over the last 24 hours.
XMR is buying and selling for $166 at time of writing whereas Zcash and Sprint are valued at $29.20 and $34.05, respectively.
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