Leading cryptocurrency exchange OKX will remove 20 spot trading pairs, including XMR-BTC, DASH-BTC, and ZEC-BTC. Based on user input and a thorough pair performance analysis, the decision aims to maintain a healthy spot trading environment.
The delisting will take place in two stages, with the first event on January 4. The second stage will take place the following day. The later phase includes well-known assets such as Monero (XMR), Dash (DASH), and Zcash (ZEC). OKX strongly advises consumers to cancel orders with these coins before the deadline. The slight price drop appears to be more associated with a broader market dip than the OKX statement.
OKX has already halted deposits of certain assets such as XMR, DASH, and ZEC. The exchange mentioned a future withdrawal suspension on March 5, 2024.
Recognizing heightened regulatory attention, particularly with regard to privacy coins, OKX aligns with safeguards used by several worldwide regulators and exchanges suspicious of such assets.
