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Topic: Monero get delisted, again - page 6. (Read 860 times)

sr. member
Activity: 1022
Merit: 257
April 12, 2020, 07:28:27 AM
#15
why is this happening? Are people getting tired of privacy coin?
No, but the only reason we can see is that the Korean government does not accept the feature it gives to its users. They might be worried about the possible situation they might be in sooner or later due to the privacy it provides. So, the exchanges are starting to remove monero to avoid future conflicts.
legendary
Activity: 2492
Merit: 1232
April 12, 2020, 06:49:36 AM
#14
Probably because of monero(XMR) is a high profile privacy coin which is also made high anonymity to those who use this coin and will keep fraud activity keep going in Korea which is government forced to delist this coin.

I have found also that not only the Houbi Korea exchange took the decision to delist this coin. It is also an OKEX and UPBIT exchange platform. Also, Bithumb Under Pressure to Delist Monero as Nth Room Ire Continues.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
April 12, 2020, 06:26:10 AM
#13
It's not been a problem as we still have the other exchanges which list monero. I think they don't like with the monero project or there is something behind that, and we don't know what their reason to delist monero is. But maybe they forget that monero is one of the popular coins at the exchange, but we cannot do anything. You can still trade monero in other exchanges if you want.
full member
Activity: 896
Merit: 100
PredX - AI-Powered Prediction Market
April 12, 2020, 06:20:56 AM
#12
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
It is possible that the Korean government does not accept private currencies, so exchanges in Korea must conduct delist so as not to get in trouble later. I believe it only happens for Korean exchanges, international exchanges will continue to hold Monero and other private currencies.
sr. member
Activity: 1638
Merit: 278
April 12, 2020, 06:20:08 AM
#11
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
There will be no surprises for me. At this time we are having multiple privacy oriented coins in the market and GRIN must be one of the highly emerging privacy coin right now. Exchanges are not bothering about whether a coin is good or bad or highly reputed or not but only daily volume. A new coin is failing to meet their required criteria for keep listing, they will simply follow their predefined protocols.

Let's now check about the future of monero. It was one of the highly preferred coin for those crypto enthusiasts who value their privacy the most. But, suddenly there are similar coins with features like unable to trace the payments kind of coins poped up which made people to adopt many other coins instead of only monero.

There will be no wonder even etherum will get delisted someday from some exchanges for the reason of low volume because we are seeing a lot of new dapp based coins are coming up into the market just to compete against ethereum which may lead to anything in the future. Get ready for that Wink.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
April 12, 2020, 06:13:26 AM
#10
this de-listing of Monero is absolutely something to think about , but as i search for it it is still number 14 on coinmarketcap and it is trading still on a lot of other exchanges with a lot of different trading pairs , so i am not worry a lot about the de-listing on Houbi Korea exchange
That will not give a huge impact to the monero but as far as i know if the fact that this news has already proven if monero can't against the regulator with its anonymity protocol. That proves that if everything still depend on the exchange site. If there will be more and more exchange site will try to delist this coin and it may become the end of monero.
full member
Activity: 1246
Merit: 116
April 12, 2020, 04:55:59 AM
#9
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

In crypto currency, especially for altcoins, one of the difficult aspect to put up with is consistency, Monero perhaps is not interesting new crypto investors.
As a privacy coin, with several dislikes amongst government officials, its viability is reducing daily, which leads to low trade, then delistion
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
April 12, 2020, 04:30:14 AM
#8
Untill it gets delisted on more than one exchange I do not think there is an issue. Exchanges do periodically list and delist coins depending on the volume and demand, there is nothing new about it.

It is still actively traded on HitBTC and Poloniex exchange which is a good thing. They are bigger than Huobi exchange.
sr. member
Activity: 1876
Merit: 289
Zawardo
April 12, 2020, 03:51:35 AM
#7
I guess people are not interested Monero anymore. There will be the time that one crypto will end. For sure more exchanges will get delisted monero in the future.
full member
Activity: 742
Merit: 128
Coinbene.com - Experience Fast Crypto Trading
April 12, 2020, 03:38:48 AM
#6
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

In the source you are given it is not base on the trading volume on that coins. But the persons use that currency in illegal ways criminal acts, thats why exchange decided to remove it from thier list . because many people  been using that currency in a bad way and have the ability to exchange that currency in your exchange will also help those bad persons.
hero member
Activity: 2926
Merit: 567
April 12, 2020, 03:11:06 AM
#5
If I remember, it's also a Korean exchange that delisted Monero and now it's Korea again, so we can conclude that it's only the government of Korea and it's a policy that is hard on the features of Monero, they are still one of the top coins in the market and the support are still there, but we'll have to see in the coming months.
member
Activity: 490
Merit: 10
April 12, 2020, 03:08:45 AM
#4
Many will turn against privacy coins for sure but some won't, you don't have to worry about privacy coins existence, go to coinmarketcap you will see that Monero still have huge volume and better support still
legendary
Activity: 1932
Merit: 1005
April 12, 2020, 03:05:54 AM
#3
this de-listing of Monero is absolutely something to think about , but as i search for it it is still number 14 on coinmarketcap and it is trading still on a lot of other exchanges with a lot of different trading pairs , so i am not worry a lot about the de-listing on Houbi Korea exchange
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
April 12, 2020, 02:49:46 AM
#2
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 maybe because the government of Korea is against to this currency as it is a privacy coin that are commonly use by terrorist. XMR still at rank 14 base on coinmarketcap so I am wondering how they get a very low volume in Houbi exchange.

I hope it will not happen to other top exchange because it can surely affect the price of XMR if in case more exchanges will do the same. But upon checking the quick exchange like changelly, XMR still active so there is a big chance that this happening is more to XMR issue which is a privacy coin.
member
Activity: 784
Merit: 21
April 12, 2020, 02:41:16 AM
#1
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
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