On Friday, the crypto exchange Bittrex announced that it will delist the three privacy coins of Monero, ZCash and Dash at 23:00 (UTC time) on January 15, 2020.
According to the statement issued by the exchange, the affected include BTC/XMR, ETH/XMR, USDT/XMR, BTC/ZEC, ETH/ZEC, USDT/ZEC, USD/ZEC, BTC/DASH, ETH/DASH, USDT/ There are a total of 11 trading pairs for DASH and USD/DASH.
After the transaction is stopped, Bittrex will provide its users with 30 days to retrieve the relevant tokens. However, the exchange said that if certain special circumstances occur, the period for users to withdraw tokens may be shortened, so it recommends that customers withdraw these three privacy coins as soon as possible.
Previously, the exchange had just delisted XRP tokens due to a lawsuit initiated by the US Securities and Exchange Commission (SEC) against Ripple and its founders. According to a report from "Beijing", the SEC accused Ripple of conducting an unregistered securities issuance of US$1.3 billion in violation of the Securities Act. Several crypto exchanges such as Coinbase have decided to remove XRP tokens from their respective platforms.
However, Bittrex did not give a reason to delist the three privacy coins of Monero, ZCash and Dash, although due to regulatory reasons, in the past year, exchanges in many countries have announced that they do not support the transaction of privacy coins.
After the news came out, the prices of all three types of privacy dropped. According to comparison data, Monero fell 9%, and Dash and ZCash both fell 8%.
