Privacy tokens reach highest delisting rate in 2024 — Kaiko
Summary
Privacy tokens faced nearly 60 delistings by centralized exchanges in 2023, the highest since 2021, as reported by Kaiko. Monero (XMR) experienced the most delistings, followed by Dash (DASH). Regulatory pressures from jurisdictions like Japan, Australia, South Korea, the UAE, and the EU's MiCA regulation have driven these actions. Exchanges such as Kraken, Binance, OKX, and Huobi have delisted privacy tokens citing regulatory reasons. Meanwhile, exchanges with less regulatory scrutiny, like Poloniex and Yobit, have increased their share of privacy token trading volume to nearly 40%, up from 18% in 2021. Demand on these platforms often exceeds order book liquidity.
