Bittrex to Delist Privacy Coins Monero, Dash and Zcash
While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to hide the activity of their users.
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“Dash is technically no more a ‘privacy coin’ than Bitcoin,” according to Perkins Coie. So why did Shapeshift delist it? Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy.As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this began to change with the gradual introduction of a mandatory membership model, compliant with Know Your Customer rules, as of 2018.Why....
As of today, zcash, monero and dash won’t be included among Bittrex’s tradable assets.
Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life. The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish. One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain while Zcash (ZEC) rallied by 70% during the same period.Monero breaks out of USD....
The delisting of Dash and Zcash has some wondering about the future of privacy coins on major exchanges. It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. While the ban may sound extreme, regulators have recently honed in on the use of privacy coins like Monero (XMR), Zcash (ZEC) and Dash. For example, in September this year, the United States Internal....
Despite past claims, Dash insists that it's no more private than Bitcoin A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny. On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be delisting Monero, Zcash, and Dash:#Bittrex Customers: The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC. Details: https://t.co/8qAdjuwryJ— Bittrex (@BittrexExchange) January 1, 2021 The delistings follow a....