Topic: Bittrex delisting XMR, ZEC and DASH - page 4. (Read 745 times)
I can't even remember when last I used bittrex as exchange again, unlike before there popularity has dropped drastically over the past years, I don't think this action will have such huge impact.
It is expected since Bittrex wanted to follow the guidelines of SEC. I think it is wise for them to act one step ahead before a problem occur. Anonymous coin had been on the hot seat and now that SEC had given an example of suing XRP (which is not an anon coin) Bittrex probably think that XMR, ZEC and DASH would be next or probably they have insider to inform them about the next step of SEC.
It may be quite a blow for the HOLDers of these coins, but it depends what will happen next and if others will follow the trend shortly.
Since it's not the first time anonymous coins got delisted and they still did pretty much recovered, it may just be a good opportunity to buy the dip.
Since it's not the first time anonymous coins got delisted and they still did pretty much recovered, it may just be a good opportunity to buy the dip.
The news would have been a great opportunity for me to short any of the coins in the futures trading option on Binance 
That being said, I think it's going to be a trend that most exchanges that are trying to comply with AML laws with follow. This is bad news for the privacy oriented coins.
That being said, I think it's going to be a trend that most exchanges that are trying to comply with AML laws with follow. This is bad news for the privacy oriented coins.
This is not surprising, because bittrex is US based and must comply with the law there. the possible reason why they delist it in their exchange is that they do not want to have a problem in the future ,and we know that anonymous coins can be used for money laundering. so getting rid of it will benefit their exchange and thats not the only exchange need to follow ,other us exchanging should also do the same.
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?
"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?
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