OKX delisting triggers price fall for privacy coins Zcash and Monero
Summary
OKX announced the delisting of privacy-focused cryptocurrencies like Zcash and Monero, causing a 3.4% decline in the sector. Other tokens like Dash and Horizen also fell. OKX advised users to cancel orders before delisting and halted deposits for affected cryptocurrencies. The exchange aims to cease withdrawals by March 5, 2024. Observers suggest the move may be influenced by regulatory compliance, as privacy coins have faced scrutiny for potential use in illicit activities. Binance had also announced delisting of privacy coins earlier in the year.
