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BlackFor3st
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April 12, 2020, 07:49:46 AM |
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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. |
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voteformeg
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April 12, 2020, 08:05:54 AM |
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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
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Greatchu
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April 12, 2020, 08:08:45 AM |
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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
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aioc
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April 12, 2020, 08:11:06 AM |
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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.
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Lhaine
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Coinbene.com - Experience Fast Crypto Trading
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April 12, 2020, 08:38:48 AM |
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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. |
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shadowdio
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Zawardo
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April 12, 2020, 08:51:35 AM |
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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.
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pakhitheboss
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April 12, 2020, 09:30:14 AM |
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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.
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ampere
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April 12, 2020, 09:55:59 AM |
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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 |
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shinratensei_
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Leading Crypto Sports Betting & Casino Platform
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April 12, 2020, 11:13:26 AM |
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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. |
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coinfinger
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April 12, 2020, 11:20:08 AM |
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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  . |
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SyndicateLabs
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April 12, 2020, 11:20:56 AM |
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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. |
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ethereumhunter
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April 12, 2020, 11:26:10 AM |
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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.
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sheenshane
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Merit: 1215
Cashback 15%
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April 12, 2020, 11:49:36 AM |
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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. |
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kayvie
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April 12, 2020, 12:28:27 PM |
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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. |
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mahilchii
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Activity: 560
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April 12, 2020, 12:31:54 PM |
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This Korean government is taking a dig against monero is really disappointing if this happens everytime people will lose faith in this coin, I hope they are not against the government protocol.
I am really worried as popular coin is delisted and monero is losing it's reputation in the crypto market, Korean government should come forward to initiate crypto in their country.
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binhvo1505
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https://streamies.io/
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April 12, 2020, 12:34:55 PM |
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They just lose faith in XMR and it will be one of the coins that will soon die in the advancement of blockchain technology now. Privacy coins have now become obsolete and even people can now trade with top coins without fear of anything. So that's why people are increasingly suspicious of the future of XMR and the countless unrealistic promises of the CEO. Many Fuds have been revealed and I feel normal when XMR is gradually falling behind their rivals. |
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Eclipse26
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bullsvsbears.io
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April 12, 2020, 12:41:10 PM |
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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
According to coindesk, in particular with an article written by Daniel Palmer, "Monero (XML) will no longer be tradeable from Feb. 19, 2020. However, the crypto exchange is to cease deposits of XML as of this Friday, Nov. 29, and will block withdrawals temporarily from Friday to Dec. 5 around the time of a planned monero hard fork. All users must withdraw any remaining XML by 20 May, 2020, according to the notice". This might make sense why Monero is still listed to some exchanges including coinmarketcap. Delisting of Monero has something to do with privacy features of a cryptocurrency. Based from what I have read, this action was made in orser to avoid money laundering as well as inflow from external networks. BitBay is one of the exchanges who made an announcement with regards to delisting of the said crypto. One thing that concerned me is that, other cryptocurrencies such as zcash and dash are also at risk of being delisted to some exchanges. 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.
Actually, I do think that it is a problem especially if you are into Monero. Indeed, there will still be exchanges to accept or allow trading of monero but given that there will now be limits to the exchanges that would make trading this crypto possible, i think, interest to this crypto could fall. People or investors in particular would more likely engage into investments which would give them convenience and assurance of avoiding issues and problems that would risk their investments. |
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Pffrt
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April 12, 2020, 01:52:46 PM |
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Countries have rules and regulations of their own and business have to follow that rules and regulations to conduct their business. I would not be surprise if the eexchange is forced to do so because Monero is the best privacy coin so far and it's not easy to trace them. It's nothing surprise.
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Jating
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April 12, 2020, 02:02:14 PM |
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It's because government are putting pressures on exchanges to de-list privacy coins such as Monero. This has been on-going at the start of 2018, if I'm not mistaken. As we all know, South Korea has a very strict implementation with regards to their exchanges. So it's just a matter of time before we can see Monero being de-listed by a lot of top tier exchanges in the future. |
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