Topic: Bittrex delisting XMR, ZEC and DASH - page 2. (Read 869 times)
Big coins delisting on Bittrex, some time we don't know why bigger coin can delisting on exchange market without get any trouble before, I can accept like RIPPLE delisting because investigate by SEC but how come XMR, ZEC and DASH could delist with get any problem from exchange and owner coin, maybe for the future have good contract management between bittrex and owner coin without have illegal issues or bad news from coin never have way for delisting coin on exchange market.
They are based in US and I assuming that everyone would expect this to happen after all the fuss about the US government considers these privacy coins as a problem.
I wonder what's gonna happen to all the exchanges outside the US but I think in the future all the US citizens will be forbidden from using such privacy coins by the US based exchange. Gonna be a tough time for these privacy coins I guess.
I wonder what's gonna happen to all the exchanges outside the US but I think in the future all the US citizens will be forbidden from using such privacy coins by the US based exchange. Gonna be a tough time for these privacy coins I guess.
On January 15, anonymous coins XMR, ZEC, and DASH will be delisting with Bittrex exchange: https://twitter.com/BittrexExchange/status/1345056010981892096. The market has already reacted to this news by reducing the value of these coins.
"After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline". https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
How do you feel about the news that Bittrex has prepared for us on January 1, 2021?
Monero can be tracked, blacklisted, and delisted, 0xMonero is traded on decentralized exchanges and cannot be delisted. "After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline". https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
How do you feel about the news that Bittrex has prepared for us on January 1, 2021?
It is a very huge blow to privacy coins, but privacy coins don't need centralized exchanges to survive.
A privacy coin should provide privacy and buying a privacy coin on a centralized exchange is not how it works.
It is only bad for price. Privacy coins need to develop better concepts to be bought or sold on DEX.
A privacy coin should provide privacy and buying a privacy coin on a centralized exchange is not how it works.
It is only bad for price. Privacy coins need to develop better concepts to be bought or sold on DEX.
what concept they need to add ?
privacy is already the main concept of those coins but why not ? adding more concept to the existing coins can make them more catchy and if it gets noticed , the coins value can recover .
privacy coins do always have a special place on decentralized exchanges if ever all centralized exchanges delisted them with or without the need for a new concept . dex is where they really belong not on cex but you know the cryptoers today they value the cex market more than the dex
It is a very huge blow to privacy coins, but privacy coins don't need centralized exchanges to survive.
A privacy coin should provide privacy and buying a privacy coin on a centralized exchange is not how it works.
It is only bad for price. Privacy coins need to develop better concepts to be bought or sold on DEX.
A privacy coin should provide privacy and buying a privacy coin on a centralized exchange is not how it works.
It is only bad for price. Privacy coins need to develop better concepts to be bought or sold on DEX.
Bittrex delisting such famous coins may be for several reasons, which we do not know why, because we are just outsiders who know
nothing about what is happening in Bittrex management. But I don’t feel worried because in many exchanges Dash, XMR and ZEC
it still lists coins, so for those who want to trade those coins can do so on other exchanges.
nothing about what is happening in Bittrex management. But I don’t feel worried because in many exchanges Dash, XMR and ZEC
it still lists coins, so for those who want to trade those coins can do so on other exchanges.
I really do not understand what underlies them delisting top altcoin motivation such as XMR, Dash, and Zec, of course this is a heavy blow to the community or altcoin holders, even though many exchanges are still listing privacy coins, bittrex does not give reasons, and this makes people angry
Bittrex is slowly getting into trouble in terms of profitability due to regulations, for the reason that they are strictly complying, it has affected the reputation of the site and its profitability. it will not affect much the value of the coins because bittrex is not a giant anymore in the market unlike before, so this is a normal news, everything should have seen this coming.
While they delisted these assets, other exchanges will benefit from this, that's the only scenario I see.
While they delisted these assets, other exchanges will benefit from this, that's the only scenario I see.
...I think such a move could have a devastating impact on DASH, ZEC, XMR coins like XRP coins.
We have already seen how XMR, ZEC and DASH were banned on exchanges in Japan and South Korea in 2018. Over time, the price of these coins stabilized, while trading was transferred to other exchanges. The same thing should happen now, the price of the coin should return to its previous values.
With regards to Dash being banned on exchanges in Japan : https://app.dashnexus.org/proposals/listing-dash-in-japan/updates
It is a long process trying to get through to the regulators there and change their perception about Dash, but hopefully one day Dash succeeds there and gets enlisted again.
I'm a little familiar with this problem that Dash has. But despite such a long time that has passed since delisting Dash, the problem is not solved. But I believe that Dash now has more potential to recover in price after the delisting message than XMR and ZEC.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Being controlled by the us laws is not ver convenient.
In the US, the SEC and tax agency dont take everything that have to do with crypto easy and every exchange that cant comply with their rules/regulations have to quit their operations. Binance went through alot before Binance.us was able to operate in the US. Those coins have been a part of crypto world for a long time. Delisting only makes reputation of bittrex getting worse.
Some people consider this to be bad for the delisted privacy coin/ Bittrex but thats not the situation. However, Bittrex not the top choice of the crypto community and it only use by some US customers so no reputation will be worse. But thats all they can do. If they do not comply the regulations, they will be forced to shut down the whole operations.
Thats what will happen and they have no choice since they are CEX. I assume that this tendency will continue with delisting anonymous coins. The big exchnage are forced to play this game, otherwise they get problems. It's just unbelievable, 2-3 years ago I couldn't imagine something like that, and today it's standard.
even if I'm not mistaken I also heard the BinanceUS platform is planning to suspend Xrp from its list. but that applies to the next 13 January. I think since the SEC and XRP cases it has had an impact on other privacy coins as well. looks like this is the end of the privacy coin, especially Xrp. 
I assume that this tendency will continue with delisting anonymous coins. The big exchnage are forced to play this game, otherwise they get problems. It's just unbelievable, 2-3 years ago I couldn't imagine something like that, and today it's standard.
...I think such a move could have a devastating impact on DASH, ZEC, XMR coins like XRP coins.
We have already seen how XMR, ZEC and DASH were banned on exchanges in Japan and South Korea in 2018. Over time, the price of these coins stabilized, while trading was transferred to other exchanges. The same thing should happen now, the price of the coin should return to its previous values.
With regards to Dash being banned on exchanges in Japan : https://app.dashnexus.org/proposals/listing-dash-in-japan/updates
It is a long process trying to get through to the regulators there and change their perception about Dash, but hopefully one day Dash succeeds there and gets enlisted again.
...I think such a move could have a devastating impact on DASH, ZEC, XMR coins like XRP coins.
We have already seen how XMR, ZEC and DASH were banned on exchanges in Japan and South Korea in 2018. Over time, the price of these coins stabilized, while trading was transferred to other exchanges. The same thing should happen now, the price of the coin should return to its previous values.
After this announcement from Bittrex delisting XMR, ZEC and DASH price third coins dump but now have recovery and wake up again to higher price, some time I think this trick way did by developer to make people sell coin after bad news delisting from Bittrex, so they got moment waiting with lower price and buy again, then we know what developer did after buying coin, they will give good information from his coin and price back higher.
Regulation and SEC is why bittrex delist these privacy coins, every exchanges in america will at one point in time do the same thing, anyways I'm just glad that there are many crypto exchanges that are outside US if not the end result won't be a good one
It does not matter if the exchange is within the US or outside the US. They will come out for the global regulations and all the exchanges will have to comply with them. They may reach out to the governments if any exchange outside US does not fulfil the requirements imposed by sec. 2021 will be the year of regulations and exchanges will have to rethink how they going to operate.
This is bad news for privacy coins supporter, like Bittrex doing this because of pressure from the SEC. As we know, the US government
has long been concerned about the existence of privacy coins, which are widely used for illegal activities. That's why Bittrex is looking to
secure it by delisting its privacy coins, hopefully this will only happen for exchanges based in the US. Since I am not a user of exchanges
based in US, I am not affected by the delisting privacy coins by Bittrex.
has long been concerned about the existence of privacy coins, which are widely used for illegal activities. That's why Bittrex is looking to
secure it by delisting its privacy coins, hopefully this will only happen for exchanges based in the US. Since I am not a user of exchanges
based in US, I am not affected by the delisting privacy coins by Bittrex.
I think they're looking for a safe way to close the loophole with the SEC,,chances are they don't want to get into trouble with the SEC and they're taking steps to remove the DASH coin ,ZEC ,XMR.
It's about regulation in U.S. countries and impacting the rest of world,we know they're based in the U.S. and very close to SEC oversight,they have regulatory and compliance issues,,
I think such a move could have a devastating impact on DASH, ZEC, XMR coins like XRP coins.
It's about regulation in U.S. countries and impacting the rest of world,we know they're based in the U.S. and very close to SEC oversight,they have regulatory and compliance issues,,
I think such a move could have a devastating impact on DASH, ZEC, XMR coins like XRP coins.
It was quite expected, genuinely. I expect security centered coins to go off-lattice surprisingly fast all things considered. In any case, then, security will turn out to be increasingly more pursued.
Being controlled by the us laws is not ver convenient. Those coins have been a part of crypto world for a long time. Delisting only makes reputation of bittrex getting worse. But thats all they can do. If they do not comply the regulations, they will be forced to shut down the whole operations.
Jump to: