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OKX is delisting Monero and other privacy-focused altcoins in early 2024. On December 29, it announced that it will remove 11 trading pairs, including Monero, Zcash, Dash, and Horizen, on January 5, 2024.
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The exchange said it took the decision to protect a healthy trading environment and respond to user feedback. It also suspended deposits of privacy tokens from December 27 and will halt withdrawals after March 5, 2024.
OKX is a leading crypto exchange with daily crypto trading volumes of over $3 billion globally. The decision reflects a trend of exchanges delisting privacy-focused altcoins. OKX stressed that it will continue to manage the listing process by implementing similar mechanisms in the future.
This move shines a light on the discussions around regulatory compliance and the future of privacy-focused altcoins in the crypto world.
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