Monero get delisted, again

[Greatdev]

The world needs privacy and anonymity features that privacy coins has in them, I don't see how this is a threat, every coins have their own use cases but it seems gov wants things they can control easily, let's not be discouraged because of this

[Abiky]

All these delistings are not scary for Monero!
This is one of the great projects on the market at the moment! Real idea of cryptoanarchism, which was originally in bitcoin now in Monero!
I don't think Monero can have any problems because of some stupid centralized stock exchanges!

De-listing a cryptocurrency will have no effect over its longevity as long as it maintains decentralization. Monero was designed to be a decentralized cryptocurrency with privacy in mind. If it gets de-listed at centralized exchanges, trading could continue on decentralized exchanges or even P2P platforms. It's normal to see such behavior from centralized exchanges against Monero, since it's a privacy coin. After all, governments want to enforce ID verification in order to "prevent" money laundering and other illegal activities. It's difficult to do this with fully-private cryptocurrencies like Monero and Grin, leaving centralized exchanges with no choice but to de-list privacy coins in order to keep the governments happy.

With a fully decentralized exchange like Block DX, there's no need to worry about de-listings at all. Atomic swaps and other ways to trade crypto without middleman will completely revolutionize the industry. Once people begin to trade Monero and other cryptocurrencies in mass using decentralized alternatives, all governments' efforts will be put in vain. I hope that Monero continues to focus on decentralization/censorship-resistance above all else, so that it could survive for a very long time. At least we have Binance supporting Monero, allowing it to maintain liquidity and trading volume. But if Binance decides to de-list Monero someday, there will always be a "Plan B". Just my thoughts

[Viscore]

The world needs privacy and anonymity features that privacy coins has in them, I don't see how this is a threat, every coins have their own use cases but it seems gov wants things they can control easily, let's not be discouraged because of this

The world that is run by a government would not always favor the anonymous transaction, ID system is one proof that they want to monitor us, and when we have deposit in banks, they can easily spy us.  I am not sure with the success of privacy coins, but I'm hoping they'll at least stay within the crypto market, in the long run, this anonymity and privacy that we are fighting will not gonna succeed as the government will regulate the crypto market with the rules always in favor of them.

[pikkie]

I think the main reason why it was delisted is because of its privacy and anonymity feature. To show how good the coin is, despite its delisting it is still among the top 20, precisely 14 position on coinmarketcap. Also, people can't get tired of privacy coins because they offer more security of personal details therefore they are always needed. Lastly, I once read a post where Monero got listed on a new exchange, if I remember correctly, it is an exchange in Thailand; this is a good proof that people are still in need of it.

I see something is wrong when there is a place of exchange that removes the list from the place of exchange because in my opinion moreno is a platform that develops a very good concept and in my opinion is more secure because it promotes the privacy of moreno users.

[Malam90]

Monero is still one of top 15 coins in coinmarketcap. The recent low volume in Houbi exchange and got delisted for low volume is basically Korean Govt think that terrorists are using this coin for many illegal works. Other exchange have enough volume for Monero.

[aditasetia123]

I think the main reason why it was delisted is because of its privacy and anonymity feature. To show how good the coin is, despite its delisting it is still among the top 20, precisely 14 position on coinmarketcap. Also, people can't get tired of privacy coins because they offer more security of personal details therefore they are always needed. Lastly, I once read a post where Monero got listed on a new exchange, if I remember correctly, it is an exchange in Thailand; this is a good proof that people are still in need of it.

I see something is wrong when there is a place of exchange that removes the list from the place of exchange because in my opinion moreno is a platform that develops a very good concept and in my opinion is more secure because it promotes the privacy of moreno users.

that must be, if exchanges have no strong reason ofcourse they will not delist coin in their trading list. i am sure actually monero has no problem with its privacy, maybe huobi want to follow korean government regulation . but so far there is no serious problem with this .

[Anonylz]

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

why will they have problem with anonymity now? isn't monero an anonymous coin from day one when they listed it on their exchange, why is it now a problem for them, if their excuse is as a result of low volume that is understandable, delisting because it is anonymous coin is ridiculous, except they have a hidden agenda,
between why will people get tired of anonymous coin? isn't that one of the qualities of blockchain, people what decentralization, anonymous, and privacy, perhaps there are better privacy coin out there with better returns, can't really say a particular reason.

[Abiky]

Monero is still one of top 15 coins in coinmarketcap. The recent low volume in Houbi exchange and got delisted for low volume is basically Korean Govt think that terrorists are using this coin for many illegal works. Other exchange have enough volume for Monero.

A single exchange de-listing Monero, is no reason to worry. But, if all centralized exchanges take the decision to de-list Monero, prices could decline massively across the market. Of course, it'll still be possible to trade Monero on decentralized exchanges. But their limited liquidity and adoption within the mainstream world, will not contribute towards Monero's price in terms of Fiat. At least, anyone will still be able to use and trade Monero thanks to its decentralized and censorship-resistant design. We all know why Huobi decided to de-list Monero in the first place. It's all because government pressure. And if the Korean government was able to successfully encourage a centralized exchange to de-list Monero, it should only be a matter of time before other governments worldwide do the same.

Nonetheless, atomic swaps, in-person trades, and decentralized exchanges will truly revolutionize the way we trade crypto in cyberspace. These solutions are truly censorship-resistant, leaving governments' efforts in vain. Ultimately, governments worldwide might decide to ban people from using privacy-oriented coins like Monero or Grin. But people who still support these type of coins will use it no matter what happens in the mainstream world. Just my opinion

[reallester]

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

Hmmm. But Huobi couldn't have probably delisted Monero for its anonymity function. Monero is a strong coin and the first and strong privacy coin currently. I think this news of Huobi delisting MONERO from their exchange wont make any significant impact.

[nutriagrigia]

Monero is still one of top 15 coins in coinmarketcap. The recent low volume in Houbi exchange and got delisted for low volume is basically Korean Govt think that terrorists are using this coin for many illegal works. Other exchange have enough volume for Monero.

This coin is using only on the black market and I believe that such projects only killing the reputation of the cryptocurrency market. I am not surprised that this coin is always delisting from popular exchanges. no one wants to risk their reputation

[ATSgrowth]

This is the problem of anonymous cryptocurrencies, many shady activities are connected to them, so exchanges do not want to deal with that and they rather delist it.

[judaspriest]

This is the problem of anonymous cryptocurrencies, many shady activities are connected to them, so exchanges do not want to deal with that and they rather delist it.

I don't think it's because of this that Monero was delist in exchange, indeed Monero became a successful anonymous project in crypto currency,
and the volume was very large in the market, I felt that the delist from the exchange was a pair that traders were not interested in. its not big problem

[Firefoxx]

I don't know what's really going on with Montero but it's quit unfortunate it happened this way as I expected good project. It's a privacy coin one of the best back then but I really do not know or understand what's happening to it right now but nothing last forever. I hope team gets better ways of rescusitating it.
 

[mynadira]

This is the problem of anonymous cryptocurrencies, many shady activities are connected to them, so exchanges do not want to deal with that and they rather delist it.

I don't think it's because of this that Monero was delist in exchange, indeed Monero became a successful anonymous project in crypto currency,
and the volume was very large in the market, I felt that the delist from the exchange was a pair that traders were not interested in. its not big problem

This platform should be able to give a lot of benefits because they create cryptocurrency correctly, because the nature of cryptocurrency is a digital currency that is not known who is the owner and has been explained to the whitepapper owned by bitcoin that Satoshi Nakamoto created a digital currency that will not be in know the owner because all that is known is the address of the sender.

[Abiky]

This is the problem of anonymous cryptocurrencies, many shady activities are connected to them, so exchanges do not want to deal with that and they rather delist it.

That's certainly true, mate. But even Fiat has a greater level of shady activities than crypto itself. Privacy coins have the minority of illegal transactions, while that's not the case with traditional Fiat currencies. Despite governments' excuses that privacy coins are used for money laundering and other illegal activities, we all know their true intentions. They don't want people to use privacy coins simply because it prevents them from taxing and spying on mainstream transactions. Since they want to remain in control, they'll do anything to try to stop the use of privacy coins worldwide.

I'm not surprised to see Monero being de-listed from a centralized exchange, because of the aforementioned reasons. Eventually, the world's most popular privacy coin will have to be traded in-person or via a decentralized exchange. At least, people will still be able to get access to Monero despite governments' actions in the mainstream world. It has always been about decentralization/censorship-resistance than anything else. If crypto wasn't like that, it would've been dead by now. Huobi may de-listed Monero, but we still have other popular exchanges that are supporting it in every way. Thanks to crypto's open source and decentralized nature, there will always be a "Plan B" for everything. With atomic swaps along the way, there will be no need to use a centralized or decentralized exchange to trade Monero or any other cryptocurrency in the Blockchain space. Just my opinion

[asriloni]

Monero is still one of top 15 coins in coinmarketcap. The recent low volume in Houbi exchange and got delisted for low volume is basically Korean Govt think that terrorists are using this coin for many illegal works. Other exchange have enough volume for Monero.

You said monero is still having another exchange site with enough volume but what will be happening if the country of these exchange sites will be implementing the same regulation like south korea?
Monero must search a solution regarding this problem.

[Abiky]

You said monero is still having another exchange site with enough volume but what will be happening if the country of these exchange sites will be implementing the same regulation like south korea?
Monero must search a solution regarding this problem.

There's already a solution for Monero. The world's most popular privacy coin can continue trading over decentralized exchanges or in-person. With the advent of atomic swaps, the need for centralized exchanges will be a thing of the past. It's becoming clear that governments want financial sovereignty over the mainstream world. They don't want an alternative financial system that's hidden from the general public, as it goes against their ethos. Governments' excuse will always be that privacy coins like Monero and Grin are used for money laundering and other illegal activities. But at the end of the day, Fiat is (and will always be) the #1 currency of choice for malicious actors looking for anonymity and widespread acceptance by businesses and merchants worldwide.

The main problem about privacy coins and crypto in general is their price volatility in terms of Fiat. Why would anyone use an unstable privacy coin, when they've got physical cash which is stable and fungible at the same time? That's something Monero and other privacy coins need to deal with, if they want widespread adoption by people in the mainstream world. Eventually, Monero could become de-listed by every centralized exchange due to government pressure. Only DEXs, atomic swaps, and in-person trades will be the norm for trading Fiat to XMR or vice versa. I don't have any problem with that as long as Monero continues to deliver as promised. It's all about decentralization/censorship-resistance than convenience/ease-of-use. Just my opinion

[Nancyo]

I don't know either why several exchanges delisted monero from their market.
But big exchange like binance still have monero in their market, so i think it is not too bad.
If the volume of the monero still high on the market because the demands, i guess delisting won't affect the value of the coin.

This getting delisted is not a new thing but it will start making traders and investors to be scared of trading Monero. But to think of it am sure they are delisting not Because its not a good coin but probably agreement wasn't reached

[judeafante]

This getting delisted is not a new thing but it will start making traders and investors to be scared of trading Monero. But to think of it am sure they are delisting not Because its not a good coin but probably agreement wasn't reached

Regulation has something to do with it, they do now want privacy coins because authorities want to trace every transaction, they do not want abuse and they don't want criminals to use Cryptocurrency for money laundering, because we all know Monero has privacy and mixing features where it's hard to trace transactions.

[mindrust]

Monero coins have been delisted from the list due to government policies and regulations due to the high number of criminal cases using monero transactions due to high privacy. This will have no impact even if monero is no longer traded on Houbi, XMR is still tradable on other major exchanges.

Yeah but for how long... Sooner or later those exchanges will be given 2 options:

1- Do as we say and keep your business (or what's left of it)
2- Go to jail

In the end of this, xmr will be just like what btc was once. A low marketcap coin only the drug dealers use.