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A trio of privacy-focused altcoins are seeing dips in price after a prominent crypto exchange platform said it is going to delist them.<\/p>\n
In a new company blog post<\/a>, the Seychelles-based crypto exchange OKX says that it\u2019s going to delist Monero (XMR<\/a>), Zcash (ZEC<\/a>), and Dash (DASH<\/a>) as they no longer fit the firm\u2019s listing criteria, though no exact was reason was given.<\/p>\n \u201cIn 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. <\/em><\/p>\n 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\u2026 We will continue to monitor all listed trading pairs and implement the delisting\/hiding mechanism as necessary.\u201d<\/em><\/p>\n According to OKX, users should cancel orders involving the virtual currencies immediately.<\/p>\n The altcoins\u2019 pairings with stablecoins such as Tether (USDT<\/a>) and USDC<\/a> will be removed, as well as their pairings with crypto king Bitcoin (BTC<\/a>), on either January 4th or 5th. Furthermore, the ability for users to deposit the tokens was suspended on the 27th while withdrawing them will be suspended on March 5th, 2024.<\/p>\n Other digital assets being delisted by OKX include cross-chain protocol Fusion (FSN<\/a>), layer-2 decentralized exchange (DEX) ZKSpace (ZKS<\/a>), and zero-knowledge network Horizen (ZEN<\/a>).<\/p>\n The news caused the digital assets to suffer price drops as Monero, Zcash, and Dash each saw respective decreases of 6.5%, 10.4%, and 10.6% during the last 24 hours.<\/p>\n XMR is trading for $166 at time of writing while Zcash and Dash are valued at $29.20 and $34.05, respectively.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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