The post OKX Delisting Privacy Tokens in 2024 appeared on BitcoinEthereumNews.com.

OKX has announced that it is deleting 11 trading pairs. These changes will go into effect from early January 2024. For years, privacy tokens have been controversial in the crypto industry. Privacy tokens are cryptos that cannot be traced and offer complete anonymity for those who use them. Some see them as useful and necessary for preserving the privacy of users and others see them as dangerous. Now, the popular crypto exchange OKX has announced that it will be delisting several privacy tokens in the new year, including Monero. These changes will come into effect on January 4 and 5, 2024. Monero and Others to Be Affected According to the official announcement from OKX, 11 different tokens are due to be delisted and this was based both on its own guidelines and feedback from its users. “In order to maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis,” it says. 11 different trading pairs are being removed from the site, and these include such tokens as Monero and Zcash. Customers have been advised to cancel any orders relating to these trading pairs before the delisting time arrives, otherwise, they will be automatically canceled by the exchange. OKX has also halted the deposits of  FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN from December 27, 2023, though users can still access whatever tokens they deposited before then. Withdrawals of FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN will also be suspended from March 5, 2024, and users have been advised to withdraw their tokens. It is quite interesting that privacy tokens like Monero and ZCash are included in this delisting. Both are quite popular within the market and while OKX has not specified…

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Filed under: News - @ December 29, 2023 9:10 pm