Key Takeaways

  • Bittrex has decided to delist XMR, ZEC, and DASH.
  • Though some observers have pointed to regulation, the reason for the exchange’s decision is unclear.
  • Other exchanges have previously delisted privacy coins.

Share this article

Crypto exchange Bittrex has chosen to remove three of the cryptocurrency space’s leading privacy coins. The exchange will delist Monero (XMR), Zcash (ZEC) and Dash (DASH) on Jan. 15. 

Bittrex Takes Drastic Action

News of the delisting was shared via the company’s blog this week, though no reason was given for the decision.

All three tokens are often described as privacy-preserving crypto coins. Unlike Bitcoin and other cryptocurrencies, privacy coins keep transaction amounts and addresses hidden.

Some have speculated that the delisting is a response to regulatory pressures. In particular, the Financial Action Task Force (FATF), announced new anti-money laundering measures last month, which may have led Bittrex to delist the three coins.

Bittrex notes that trading will close at 18:00 Eastern Time on Jan. 15. Users will have up to 30 days to withdraw their assets, though “in certain instances the withdrawal period may be shortened.”

The three coins have taken a significant price hit since the news attracted wider attention this afternoon. XMR and ZEC are both down about 9.5% over the past 24 hours, while DASH is down 8.9%.

Widespread Delistings

In the past, other exchanges have delisted privacy coins as well. OKEx Korea and Upbit stopped trading the same coins in 2019 for similar reasons. Bitbay also delisted Monero shortly after.

Bittrex’s actions are exceptional, though, as it is one of the first major first U.S.-based exchanges to delist all three coins. It remains to be seen whether other exchanges will follow suit, or whether Bittrex’s delisting will even have a lasting effect on the cryptocurrency market.

The move follows Bittrex’s decision to halt trading on XRP due to Ripple’s ongoing clash with the SEC. Numerous other exchanges have made the same decision.

At the time of this writing this author held ETH, UNI, ADA, BAT, IOTA, and other altcoins.

This article was updated to reflect the fact that other U.S.-based exchanges including Shapeshift previously delisted all three coins.

Share this article

66 COMMENTS

  1. This is very interesting, You’re a very skilled blogger.
    I’ve joined your feed and look forward to seeking more of your great post.

    Also, I have shared your web site in my social networks!

  2. Simply want to say your article is as surprising. The clarity in your post
    is just spectacular and i could assume you’re an expert on this subject.
    Well with your permission allow me to grab your feed to keep updated with forthcoming post.
    Thanks a million and please carry on the gratifying work.

  3. May I simply just say what a relief to uncover a person that genuinely understands what they are
    talking about on the web. You definitely realize how to bring a
    problem to light and make it important. A lot more people must look at this
    and understand this side of your story. I can’t believe you aren’t more popular given that you definitely possess the gift.

  4. Great goods from you, man. I have understand your stuff previous to and you’re just extremely
    excellent. I really like what you’ve acquired here, certainly like what you’re
    stating and the way in which you say it. You make it entertaining and
    you still care for to keep it sensible. I can not wait to read far more from you.
    This is actually a wonderful site.

  5. An impressive share! I’ve just forwarded this onto a colleague who was
    doing a little research on this. And he actually bought me breakfast
    due to the fact that I found it for him…
    lol. So let me reword this…. Thanks for the meal!!
    But yeah, thanx for spending some time to talk about this matter here on your
    internet site.

  6. Your means of telling all in this paragraph is really pleasant, every one be able to without difficulty be aware of it, Thanks a lot.

  7. hi!,I like your writing very much! share we communicate more approximately your
    article on AOL? I need a specialist in this space to
    resolve my problem. May be that’s you! Having a look forward
    to see you. quest bars http://bitly.com/3jZgEA2 quest bars

  8. This design is steller! You definitely know how to keep
    a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job.
    I really loved what you had to say, and more than that, how you presented it.
    Too cool! scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  9. When I initially left a comment I appear to have clicked
    on the -Notify me when new comments are added- checkbox and from now on every time a comment is
    added I get 4 emails with the exact same comment.
    There has to be an easy method you can remove me from that service?
    Appreciate it! quest bars https://www.iherb.com/search?kw=quest%20bars quest
    bars

  10. Helpful information. Lucky me I discovered your web site
    by accident, and I am surprised why this coincidence
    didn’t happened earlier! I bookmarked it.

  11. Wow! This blog looks exactly like my old one! It’s on a completely
    different subject but it has pretty much the same page
    layout and design. Great choice of colors!

  12. Thanks on your marvelous posting! I seriously enjoyed reading
    it, you happen to be a great author.I will remember to bookmark
    your blog and definitely will come back in the foreseeable future.
    I want to encourage continue your great work, have a nice morning!

  13. When someone writes an article he/she maintains the image of a user in his/her brain that how a user
    can be aware of it. Therefore that’s why this piece of writing is amazing.
    Thanks!

LEAVE A REPLY

Please enter your comment!
Please enter your name here