Following OKX's decision to delist almost all privacy-focused cryptocurrencies, attention turned to privacy coins that continue to be traded on Binance, the world's largest cryptocurrency exchange. The future of these coins on Binance has become a matter of concern.
Currently, privacy coins such as XMR, ZEN, ZEC, and others have trading pairs on Binance and are primarily traded on this platform. The question of whether Binance will follow in OKX's footsteps and delist these privacy tokens is causing unrest among investors and traders.
Experts are warning that delisting news could be coming soon after Binance CEO Changpeng Zhao resigned and the company began trying to build better relations with regulators and became the focus of authorities, especially in the US and European regions, due to concerns about money laundering and terrorism financing. .
Recently, OKX, the world's second largest offshore cryptocurrency exchange, announced that it will delist almost all privacy tokens and suspend deposits of certain tokens starting December 27. Affected tokens included FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC and ZEN. In addition to suspending deposits, OKX also decided to delist the trading pairs of these tokens.
Currently, CVP, XMR, DASH, ZEC and ZEN are traded on Binance.
*This is not investment advice.
