Topic: Monero get delisted, again - page 2. (Read 856 times)

Hmmm. But Huobi couldn't have probably delisted Monero for its anonymity function. Monero is a strong coin and the first and strong privacy coin currently. I think this news of Huobi delisting MONERO from their exchange wont make any significant impact.

A single exchange de-listing Monero, is no reason to worry. But, if all centralized exchanges take the decision to de-list Monero, prices could decline massively across the market. Of course, it'll still be possible to trade Monero on decentralized exchanges. But their limited liquidity and adoption within the mainstream world, will not contribute towards Monero's price in terms of Fiat. At least, anyone will still be able to use and trade Monero thanks to its decentralized and censorship-resistant design. We all know why Huobi decided to de-list Monero in the first place. It's all because government pressure. And if the Korean government was able to successfully encourage a centralized exchange to de-list Monero, it should only be a matter of time before other governments worldwide do the same.

Nonetheless, atomic swaps, in-person trades, and decentralized exchanges will truly revolutionize the way we trade crypto in cyberspace. These solutions are truly censorship-resistant, leaving governments' efforts in vain. Ultimately, governments worldwide might decide to ban people from using privacy-oriented coins like Monero or Grin. But people who still support these type of coins will use it no matter what happens in the mainstream world. Just my opinion

why will they have problem with anonymity now? isn't monero an anonymous coin from day one when they listed it on their exchange, why is it now a problem for them, if their excuse is as a result of low volume that is understandable, delisting because it is anonymous coin is ridiculous, except they have a hidden agenda,
between why will people get tired of anonymous coin? isn't that one of the qualities of blockchain, people what decentralization, anonymous, and privacy, perhaps there are better privacy coin out there with better returns, can't really say a particular reason.

that must be, if exchanges have no strong reason ofcourse they will not delist coin in their trading list. i am sure actually monero has no problem with its privacy, maybe huobi want to follow korean government regulation . but so far there is no serious problem with this .

Monero is still one of top 15 coins in coinmarketcap. The recent low volume in Houbi exchange and got delisted for low volume is basically Korean Govt think that terrorists are using this coin for many illegal works. Other exchange have enough volume for Monero.

I see something is wrong when there is a place of exchange that removes the list from the place of exchange because in my opinion moreno is a platform that develops a very good concept and in my opinion is more secure because it promotes the privacy of moreno users.

The world that is run by a government would not always favor the anonymous transaction, ID system is one proof that they want to monitor us, and when we have deposit in banks, they can easily spy us.  I am not sure with the success of privacy coins, but I'm hoping they'll at least stay within the crypto market, in the long run, this anonymity and privacy that we are fighting will not gonna succeed as the government will regulate the crypto market with the rules always in favor of them.

De-listing a cryptocurrency will have no effect over its longevity as long as it maintains decentralization. Monero was designed to be a decentralized cryptocurrency with privacy in mind. If it gets de-listed at centralized exchanges, trading could continue on decentralized exchanges or even P2P platforms. It's normal to see such behavior from centralized exchanges against Monero, since it's a privacy coin. After all, governments want to enforce ID verification in order to "prevent" money laundering and other illegal activities. It's difficult to do this with fully-private cryptocurrencies like Monero and Grin, leaving centralized exchanges with no choice but to de-list privacy coins in order to keep the governments happy.

With a fully decentralized exchange like Block DX, there's no need to worry about de-listings at all. Atomic swaps and other ways to trade crypto without middleman will completely revolutionize the industry. Once people begin to trade Monero and other cryptocurrencies in mass using decentralized alternatives, all governments' efforts will be put in vain. I hope that Monero continues to focus on decentralization/censorship-resistance above all else, so that it could survive for a very long time. At least we have Binance supporting Monero, allowing it to maintain liquidity and trading volume. But if Binance decides to de-list Monero someday, there will always be a "Plan B". Just my thoughts

The world needs privacy and anonymity features that privacy coins has in them, I don't see how this is a threat, every coins have their own use cases but it seems gov wants things they can control easily, let's not be discouraged because of this

I think the main reason why it was delisted is because of its privacy and anonymity feature. To show how good the coin is, despite its delisting it is still among the top 20, precisely 14 position on coinmarketcap. Also, people can't get tired of privacy coins because they offer more security of personal details therefore they are always needed. Lastly, I once read a post where Monero got listed on a new exchange, if I remember correctly, it is an exchange in Thailand; this is a good proof that people are still in need of it.

Recently, people found that there is some security issue with Monero which triggered  every investors to go against at it but delisting is not a part of this issue I guess.Mostly it is happening due to less trading volume for that particular coins on particular exchange or its just pressure from governments.

The present problem facing many privacy coins are normal, they are threat to the government and regulations that's why few exchanges are delisting them, not because of lack of trading volume

All these delistings are not scary for Monero!
This is one of the great projects on the market at the moment! Real idea of cryptoanarchism, which was originally in bitcoin now in Monero!
I don't think Monero can have any problems because of some stupid centralized stock exchanges!

The biggest exchanges are all ok with XMR all working good, so there's nothing to worry
Because of the nature of Monero, it's normal to get delisted in some exchanges, XMR is anonymous and some countries or companies don't like the idea of something anonymous

of course this is not bad news for Monero, Monero still has great strength in various exchanges, Binance, MXC and Hitbtc are exchanges with the largest number of XMR trading volumes, maybe Huobi did not delete XMR in BTC or USDT pairs because I still saw in Coinmarketcap that XMR has a trading volume of $ 2 million / 24h, there is nothing to worry about it

I've heart only about new listing on ViteX.net, it's a good news, very promising exchange.

Monero will create a niche platform of trade outside countries that reject it, it is already a big cap market and can fund another process of trade. It is one of the secured coin and enjoy the support of high professional blockchain scientist and economist. There should be difference in Government disposition to anonymous coin and low volume trade on exchange, the OP should have put it right. The anonymous coin may suffer adoption in this space soon but I think the old ones will stay.

Exactly. Privacy coins go against what central banks and governments have established for a very long time. They give people freedom over their own money, leaving said entities out of the system. Governments' excuse will always be that privacy coins (and crypto itself) serve as a means for money laundering and terrorist financing in order to get what they want. The real intention here is to spy over people's transactions than anything else. Not to mention, governments want to control people's money like they do with Fiat. A financial system that's completely independent from the world's banking system, proves to be a threat to the very existence of central banks worldwide.

I wouldn't be surprised to see Monero being de-listed at other centralized exchanges over time. After all, exchange operators want to keep their business by keeping governments happy. Monero will turn out to be traded exclusively in decentralized exchanges and in-person, once all centralized exchanges decide to de-list it. As long as people continue to support the XMR blockchain, nothing should go wrong. Thanks to the decentralized and open source nature of crypto, anything's possible nowadays. Governments' or companies' actions won't have an effect over the prominence of Monero whatsoever. The more centralized exchanges de-list Monero, the more alternatives will emerge for people to continue trading it. Just my opinion

I think it's nothing to bother with if other exchanges are still trading Monero and it's still very active on coin market. Not an issue at all,in business its not must that a seller will sell all the products others are selling.

Governments hate privacy coins, and they will put as many restrictions as possible. Big CEX wouldn't dare to challenge the government and support Monero (well except semi-regulated one like Binance et al.). Hence, we will see Major exchanges will gradually delist Monero. But don't worry, there will be small exchanges that appear here and there to serve Monero users.