Monero get delisted, again - page 4.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: Mighty_crypt on April 12, 2020, 02:41:16 AM

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

This might possibly a trust issue about the exchanges and Monero's existence.
Yeah, Monero has its name in the market but it has something to put into a question about the credibility of this coin build to the community. If this is all about a privacy issue, then it is better to happen like this. It is a claim that the community shouldn't have to ignore otherwise, we all become a victim to this.

If we can see a low trading volume it is because nobody has to give their trust. It is the investor's well but I don't see it why Monero has been ignored by many, in fact, it is one of the known coins in the market. Probably there is a reason behind which is untold publicly.

obanqueiro

newbie

Activity: 16

Merit: 0

weird why huobi did it I don't understand
at least we will have it on other big exchanges

Retainly_Collie

full member

Activity: 742

Merit: 102

Second Live

Koreans don't like anonymous cryptocurrency, because they can't control and manage it. So they banned it so that things could become simpler. As far as I know, other anonymous currencies are also banned in this country

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: 20kevin20 on April 13, 2020, 12:10:17 PM

Just my opinion though. I never thought Monero would be a big success specifically due to its privacy-focused nature..

Everyone has their favorite coin, but personally why Monero is very successful is because there are still a lot of people who value privacy more, and usually they are the ones transacting huge some of money, and IMO they'll continue using it as long as this coin still exist and no way it will loss its volume.

Harlot

hero member

Activity: 1806

Merit: 672

This shouldn't be a surprise at all since bother South Korea and Japan have said their orders regarding anonimity based cryptocurrencies or what they call privacy coins in which the authorities will have a hard time on tracking. Monero isn't the only one since even Zcash and Dash are also potential cryptocurrencies to be delisted in these countries. Even though both countries are recognized as one of the most crypto-friendly countries out there it doesn't stop them on having a tighter regulation when it comes to privacy cryptocurrencies especially when they have proven that these crypto are now being used in illicit activities more compared to Bitcoin.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: tomahawk9 on April 12, 2020, 10:34:03 AM

~
Obviously not, but it's not like they care. Most people who use exchanges to convert XMR are most likely miners and hodlers, the rest use Monero as intended and they completely avoid exchanges.

They do care imo. Looking back at that moment when Binance locked an user's account for using a mixer, I get a good idea that exchanges do have a problem with those willing to go off the grid. Especially because most people using XMR are miners and hodlers, they don't have a problem with having them on the exchange. But start noticing that most of your customers are using mixers/Tor and a little alarm triggers.

Just my opinion though. I never thought Monero would be a big success specifically due to its privacy-focused nature..

nikki4

full member

Activity: 496

Merit: 100

Quote from: Mighty_crypt on April 12, 2020, 02:41:16 AM

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

Headlines has clear information that Monero gold delisted for another reason. We all like privacy coin, we know that how much privacy coin is Monero. Only for privacy Monero is better than Bitcoin. Although both transaction can be track down in few times. Monero isn't delisted for low trading volume.

Eplus_Team

jr. member

Activity: 42

Merit: 3

I think some exchanges are worried about that they cant track the funds and without tracking funds they cant monitor their costumers.

mahibul49

full member

Activity: 826

Merit: 104

very interesting news and i think very important news to think about.monero is very good privacy coin and thats why govts are always opposite of this but crypto world need this coin and monero coin is very old and popular coin.

BitcoinTurk

hero member

Activity: 1666

Merit: 629

I really think it's quite an interesting situation. I also do not believe that the real reason is the low trading volume, to put it in my opinion. In contrast, such a decision was made, most likely due to state regulations. The government may not want this cryptocurrency to be traded as the Monero project provides confidentiality due to its nature, which is a very normal situation. Besides, this delist event had no effect on the price. The reason is clearly evident and everything continues smoothly in the Monero project. I hope these regulations are not realized by other states, and one of the leading projects of the crypto money markets will not be put to an end.

TrevorS

sr. member

Activity: 1050

Merit: 377

Ordinary people have nothing to do with it. Regulators play their games, and exchanges, in turn, have to adapt to them in order to stay in the game.
The exchange is not the last resort, the laws of the country, as well as the laws of those over state structures into which the country is a part, still press it. They just have no choice.

JeotQ

member

Activity: 406

Merit: 14

Monero is a very good altcoin and I'm one hundred percent into this coin since 2017 now, I think the project will have more haters in the future but if decentralized exchanges performs better in near future it will be a home for many privacy coins

terrific

hero member

Activity: 2268

Merit: 507

Catalog Websites

Low volume? I don't think that's the main reason. Isn't it reported before with another korean exchange that they've delisted Monero?
I think that the Korean government is very firm with their acts towards Monero.

suryapro

member

Activity: 854

Merit: 10

if the xmr no longer has a good selling power, of course the owners of the exchange will provide a new place for coins that have more enthusiasts and good prospects in the future. it's all about business guys

Tylev

full member

Activity: 854

Merit: 104

Quote from: Mighty_crypt on April 12, 2020, 02:41:16 AM

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

Coins with a high degree of anonymity, to which Monero primarily refers, many states treat with suspicion and distrust, and some even prohibit its circulation inside the country. As far as I know, Japan has already done this. Coins with a high degree of anonymity cannot be traced at all and therefore they are most often used for criminal purposes. However, monero is a very good coin with high functional qualities and it will always be in demand.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Low volume? eh? Sounds like err, but maybe?

Expect more privacy coins will be delisted from a centralized exchange soon.

Using decentralized exchange is only the last resort.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: slaman29 on April 12, 2020, 10:46:29 AM

Huobi are idiots for delisting Monero but so what? And Monero not getting traded there just simply means Huobi users don't use Monero.

Monero's about privacy and people have many DEX alternatives to it, so I don't see what's the issue. No volume means no demand, so nobody is using it, no biggie.

You can still trade Monero on Huobi Global https://www.huobi.com/en-us/exchange/xmr_usdt/ You cant trade Monero on Huobi Korea. Unless you have Korean bank account you cant trade any coin there anyway.

mindrust

legendary

Activity: 3276

Merit: 2442

Privacy is both the strength and the weakness of monero.

Because it is private, nobody can do chain analysis on monero and that's a good thing for you but it is bad for the governments. Governments can't track the money flow on monero but they control the centralized exchanges. Being low on volume is just an excuse. They don't like monero.

FireBallex

member

Activity: 462

Merit: 19

Privacy coins like Monero among others are example of true decentralized freedom, it's left for users to choose what to use the coin for, either good or bad, just like how we use Fiat, haters like government gonna hate for sure

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Huobi are idiots for delisting Monero but so what? And Monero not getting traded there just simply means Huobi users don't use Monero.

Monero's about privacy and people have many DEX alternatives to it, so I don't see what's the issue. No volume means no demand, so nobody is using it, no biggie.

Topic: Monero get delisted, again - page 4. (Read 848 times)