Bittrex To Delist Privacy Coins Monero, ZCash and Dash in Two Weeks - Decrypt
Crypto exchange Bittrex today announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC.
The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins—a class of cryptocurrencies that offer untraceable transactions. Monero is private by default, and ZCash and Dash have an option for private transactions.
XMR
-0.54%
$132.92
24H
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1M
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Jan 2
130
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XMR Price
Privacy coins are under scrutiny by regulators, who consider them facilitators of illegal activity. Darknet market White House Market, for instance, only accepts Monero transactions because of its privacy features; it's easier to trace Bitcoin transactions.
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Bittrex cites "evolving regulatory standards and other compliance issues" among its reasons for delisting tokens.
ZEC
-18.37%
$58.66
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Dec 5
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55
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ZEC Price
Buy Zcash
Earlier this week, Bittrex was one of several exchanges to delist XRP after the US Securities and Exchange Commission filed a lawsuit against XRP's creators for raising $1.3 billion in ongoing unregistered securities sales. Ripple, the company named in the lawsuits, denies the allegations.
The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins—a class of cryptocurrencies that offer untraceable transactions. Monero is private by default, and ZCash and Dash have an option for private transactions.
XMR
-0.54%
$132.92
24H
7D
1M
1Y
Max
Dec 5
Dec 9
Dec 13
Dec 17
Dec 21
Dec 25
Dec 29
Jan 2
130
140
150
160
170
XMR Price
Privacy coins are under scrutiny by regulators, who consider them facilitators of illegal activity. Darknet market White House Market, for instance, only accepts Monero transactions because of its privacy features; it's easier to trace Bitcoin transactions.
Download The Decrypt App.
Get our app for the top news and features at your fingertips. Be the first to try the Decrypt Token and much more.
Bittrex cites "evolving regulatory standards and other compliance issues" among its reasons for delisting tokens.
ZEC
-18.37%
$58.66
24H
7D
1M
1Y
Max
Dec 5
Dec 9
Dec 13
Dec 17
Dec 21
Dec 25
Dec 29
Jan 2
55
60
65
70
75
80
ZEC Price
Buy Zcash
Earlier this week, Bittrex was one of several exchanges to delist XRP after the US Securities and Exchange Commission filed a lawsuit against XRP's creators for raising $1.3 billion in ongoing unregistered securities sales. Ripple, the company named in the lawsuits, denies the allegations.
