Bittrex delisting XMR, ZEC and DASH

[tvplus006]

On January 15, anonymous coins XMR, ZEC, and DASH will be delisting with Bittrex exchange: https://twitter.com/BittrexExchange/status/1345056010981892096. The market has already reacted to this news by reducing the value of these coins.

"After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline". https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21

How do you feel about the news that Bittrex has prepared for us on January 1, 2021?

[Rodeo02]

This is not surprising, because bittrex is US based and must comply with the law there. the possible reason why they delist it in their exchange is that they do not want to have a problem in the future ,and we know that anonymous coins can be used for money laundering. so getting rid of it will benefit their exchange and thats not the only exchange need to follow ,other us exchanging should also do the same.

[logfiles]

The news would have been a great opportunity for me to short any of the coins in the futures trading option on Binance 
That being said, I think it's going to be a trend that most exchanges that are trying to comply with AML laws with follow. This is bad news for the privacy oriented coins.

[NeuroticFish]

It may be quite a blow for the HOLDers of these coins, but it depends what will happen next and if others will follow the trend shortly.
Since it's not the first time anonymous coins got delisted and they still did pretty much recovered, it may just be a good opportunity to buy the dip.

[BitcoinPanther]

It is expected since Bittrex wanted to follow the guidelines of SEC.  I think it is wise for them to act one step ahead before a problem occur.  Anonymous coin had been on the hot seat and now that SEC had given an example of suing XRP (which is not an anon coin) Bittrex probably think that XMR, ZEC and DASH would be next or probably they have insider to inform them about the next step of SEC.

[pealr12]

I can't even remember when last I used bittrex as exchange again, unlike before there popularity has dropped drastically over the past years,  I don't think this action will have such huge impact.

[tabas]

Those privacy coins are likely to be listed almost everywhere. We've seen that news first in some exchanges on South Korea when they've delisted first XMR.
And with the compliance and strong act made by SEC, it has been noticed by US based exchanges and they have to act as early as they can before SEC gets an eye on them.

[Thanos01]

Not only bitterex but also Binance Australia will remove these altcoins in the coming hours and i dont know why this happened now exactly .
first ripple and now zec , dash .. i personally suprised by this news because no one of us expected it , also the price got a great lose dumping by more than 15% in both currencies , i hope this wont jump to usdt as well ..

[Twinkledoe]

Those privacy coins are likely to be listed almost everywhere. We've seen that news first in some exchanges on South Korea when they've delisted first XMR.
And with the compliance and strong act made by SEC, it has been noticed by US based exchanges and they have to act as early as they can before SEC gets an eye on them.

Yes, maybe they are just taking action before SEC will take action on them. But really surprising about these privacy coins especially XMR. But definitely, these coins can still get their market because they have been in this industry for so long and they are serving real purpose for those users who want privacy.

[pixie85]

I can't even remember when last I used bittrex as exchange again, unlike before there popularity has dropped drastically over the past years,  I don't think this action will have such huge impact.

Last time I used them was before they shut down my account because I refused to do KYC.

Bittrex is one of the most corrupt exchanges. They will close your account if they want to and not allow you to withdraw your coins. They do what they want. Don't hold your coins there or you'll be sorry.

It's good that bad centralized exchanges are delisting coins. The more they remove the more clients will leave the exchanges.

[Baofeng]

As far as I can remember, some of the exchanges way back specially from South Korea has delisted Monero and some privacy coins already. So I would say that I'm not surprised though with this move from Bittrex, we all know that there are regulatory body that doesn't like privacy coins so maybe there are pressures on this exchanges like Bittrex to delisted them. Not saying that there could be others that are going to follow, but I would assume that there is. Specially Monero, governments even open up a bounty to create a software that will de-anonymized those transactions.

[20kevin20]

It was pretty expected, honestly. I expect privacy-focused coins to go off-grid in a matter of years at most. But meanwhile, privacy is going to become more and more sought after.

Besides pure trading, I don't see the reason why Monero or other privacy-focused coins would be placed on non-anonymous exchanges anyway. Like, if privacy is an issue for you, just avoid exchanges that don't go in line with your expectations. There are plenty of alternatives nowadays.

[Ezravdb]

Although I am not that interested in privacy coin, this news has caught my attention because this Coin has considerable appeal in every market.  At the end of this year there are two big news that happened to the top Coin, the first experienced by XRP which resulted in a decline in prices and the second happened to Coin DASH, ZEC XMR which will be deleted on bittrex exchange, the SEC has destroyed a part of the crypto industry.  DASH, ZEC, XMR will fall like coin XRP.

[perl]

soon will arrive Executive Order 6102 for crypto.

When the biggest government will say that we cannot have crypto except on exchanges or on the wallet or the government on the keys.
Or the identified addresses and the use of the new change address will be prohibited ( OR use BIP39 like). Fungibility will be the only solution.

[ololajulo]

I can't even remember when last I used bittrex as exchange again, unlike before there popularity has dropped drastically over the past years,  I don't think this action will have such huge impact.

Binance has made it difficult for exchanges to compete with it. It is difficult to compare the security of the exchanges but transaction fee and easy of binance exchange has always been improved both for mobile app and website. All the 3 Coins to be delisted have quite a good volume of trade for any pair on the exchange, which is a pointer to SEC regulation. It could be a means to reduce coins in this market that had failed the regulation in the past.

[Yamifoud]

I just wondering why many altcoins have been removed by US base exchanges now, is the US government making hate low valued crypto? Or this just how these exchanges setting for a requirement to stay on them?

XRP has SEC issues but these coins (XMR, ZEC, and DASH), they are on the market for quite a long time and many people are investing in these coins. I'm not sure what is happening now to US base exchanges, honestly. Or I miss something?

[FaucetKING]

Another proof that puts us ahead of the reality, the US isn't into crypto for the decentralization. USA has alot Bitcoins and altcoins gathered from Hackers, they own these assets and the amounts aren't low. Trust me they pump things the way the want and they cause dumps, we ain't in the decentralization era yet, wait till the market gets more and more strong, we'll see great days then.

[tabas]

Those privacy coins are likely to be listed almost everywhere. We've seen that news first in some exchanges on South Korea when they've delisted first XMR.
And with the compliance and strong act made by SEC, it has been noticed by US based exchanges and they have to act as early as they can before SEC gets an eye on them.

Yes, maybe they are just taking action before SEC will take action on them. But really surprising about these privacy coins especially XMR. But definitely, these coins can still get their market because they have been in this industry for so long and they are serving real purpose for those users who want privacy.

Bittrex is still a big company and one of the ogs of exchanges. That's why having a problem against the SEC or any government agency that could give them a lawsuit just like what SEC did to XRP will badly affected them.
It's an early act on them and they will make sure that no problem will be dealt by them in this new year. These privacy coins even if some exchanges will delist it, it cannot be gone and it's economy will stay.

[maxreish]

XRP has SEC issues but these coins (XMR, ZEC, and DASH), they are on the market for quite a long time and many people are investing in these coins. I'm not sure what is happening now to US base exchanges, honestly. Or I miss something?

They have regulatory and compliance issues. Since xrp has SEC issues and will be delisted on other exchanges, this delisted other coins will have a bad effect on their price as you can see it fell down. Bittrex just wanted to prevent complex issues any time since these privacy coins have been used for other purposes that may conflict regulations.

[CashbackLover]

Regulation and SEC is why bittrex delist these privacy coins, every exchanges in america will at one point in time do the same thing, anyways I'm just glad that there are many crypto exchanges that are outside US if not the end result won't be a good one