OKX announced on December 29th that it will delist a large number of privacy coins, including ZEC, ZEN, XMR, and DASH. Less than a week later, Binance also took related measures. Has privacy coins become the next regulatory focus?
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Binance Adds Monitoring Tags for Privacy Tokens
Removal of GMX and SUSHI Seed Labels
Binance Adds Monitoring Tags for Privacy Tokens
According to an announcement by Binance, based on recent internal reviews, the following cryptocurrencies will be added with monitoring tags:
Vai (VAI)
Firo (FIRO)
Zcash (ZEC)
Reef (REEF)
Mdex (MDX)
Aragon (ANT)
Horizen (ZEN)
Monero (XMR)
Keep3rV1 (KP3R)
MobileCoin (MOB)
According to Binance, the “monitoring tag” indicates that these cryptocurrencies exhibit significantly higher volatility and risk compared to other listed cryptocurrencies. These tokens will be closely monitored and reviewed periodically.
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In addition, tokens with monitoring tags may no longer meet Binance’s listing standards and may be delisted from the platform. To obtain trading permission for tokens with monitoring tags or seed labels, users need to pass the corresponding test on the Binance spot/margin platform every 90 days and accept the terms of use.
Removal of GMX and SUSHI Seed Labels
In the same announcement, Binance announced that it will remove the seed labels for GMX and SUSHI on January 4th.
Seed labels are meant to remind users that these cryptocurrencies may have higher volatility and risk.
On December 29th, OKX announced the delisting of a large number of privacy coins in spot trading, including ZEC, ZEN, XMR, and DASH.
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Anticipated regulatory issue? OKX suddenly delists most privacy coin spot trading pairs
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GMX
Sushi
Privacy coins
Binance
Monitoring tags
Privacy coins
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