Binance shakes privacy coin market with possible Zcash and Monero delisting threats
Binance, a cryptocurrency exchange, may delist three privacy tokens - Zcash (ZEC), Monero (XMR), and Horizen (ZEN) - as they risk not meeting its listing criteria. The exchange has placed a "Monitoring tag" on these tokens and other digital assets. This decision has affected the privacy sector, which is down more than 6% in the last 24 hours and nearly 10% in the past week. Binance now requires users interested in these assets to take quizzes every 90 days to ensure they understand the risks of trading them. The potential delisting is part of a periodic project review assessing criteria like team commitment, trading volume, network security, and liquidity. Last year, Binance delisted several privacy coins to comply with European laws and regulations. Another cryptocurrency platform, OKX, also plans to delist several privacy-focused cryptocurrencies, including Zcash and Monero.
