In the wake of recent delisting news, concerns are growing for five altcoins listed on Binance, the world’s largest cryptocurrency exchange.
With OKX’s decision to delist most privacy-focused cryptocurrencies, attention has turned to the privacy coins that are still being traded on Binance. This has raised questions about their future on the platform and has caused unease among investors and traders.
The privacy coins currently listed on Binance, including XMR, ZEN, ZEC, and others, have been predominantly traded on the exchange. However, the possibility of Binance following in OKX’s footsteps and delisting these privacy tokens has become a point of concern.
Experts are cautioning that delisting announcements may be imminent, especially after the resignation of Binance CEO Changpeng Zhao and the company’s efforts to improve relations with regulators. Binance has recently come under scrutiny from authorities, particularly in the US and Europe, due to concerns surrounding money laundering and terrorism financing.
OKX, the second-largest offshore cryptocurrency exchange, recently announced the delisting of several tokens and the suspension of deposits for certain coins, effective December 27. The affected tokens included FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN. In addition to suspending deposits, OKX also decided to delist the trading pairs associated with these tokens.
Currently, CVP, XMR, DASH, ZEC, and ZEN are still traded on Binance.
Disclaimer: This information is not intended as investment advice.