October 2, 2022

Personal Privacy Coins Targeted: Bittrex to Delist Monero, ZCash, and Dash

2 min read

Just a few days after revealing the delisting of Ripple (XRP)following the SEC charges, Bittrex has added 3 more coins to the list of eliminations. Interestingly,

  • they are all so-called security tokens– Monero(XMR), Dash(DASH), and ZCash (ZEC ). < ul style=" color: # 0e101a; background: transparent; margin-top: 0pt; margin-bottom: 0pt;" > The Seattle, Washington-based cryptocurrency exchange stated in a statement previously today that it will remove Monero, Dash, and ZCash from its international platform. The company will stop trading for these markets: BTC/XMR, ETH/XMR, USDT/XMR, BTC/ZEC, ETH/ZEC, USDT/ZEC, USD/ZEC, BTC/DASH, ETH/DASH, USDT/DASH, and USD/DASH. Following the marketplace removals, Bittrex will supply its users with as much as 30 days to withdraw the delisted tokens. Nevertheless, the business cautioned that the withdrawal period might be reduced in”specific circumstances.”As a result, the exchange encouraged its consumers to withdraw the tokens as quickly as possible.
  • Today’s statement
  • comes just days after the trading location stated it will delist Ripple’s native cryptocurrency(XRP). Nonetheless, there’s one significant distinction in between the 2 declarations. The SEC brought charges versus Ripple declaring that the payment processor has actually performed a$1.3 billion unregistered security offering. As a result, numerous crypto exchanges chose to remove the XRP token from their particular platforms. While that appeared reasonable to a level, Bittrex has actually stopped working to provide any particular reasons that it has actually decided to delist 3 of the earliest and most popular cryptocurrencies– Monero, ZCash, and Dash.
XMR/USD, ZEC/USD, DASH/USD. Source: TradingView
It’s worth keeping in mind that all 3 security tokens have plunged given that the announcement. In a matter of minutes, Monero went from $ 169 to $ 155, Dash from $ 102 to $ 95, and ZCash dropped from $ 67 to $ 60.

XMR/USD, ZEC/USD, DASH/USD. Source: TradingView