• bitcoinBitcoin (BTC) $ 66,469.00 1.11%
  • ethereumEthereum (ETH) $ 3,190.24 0.11%
  • tetherTether (USDT) $ 1.00 0.07%
  • bnbBNB (BNB) $ 603.86 1.09%
  • solanaSolana (SOL) $ 156.18 3.18%
  • usd-coinUSDC (USDC) $ 0.999825 0.03%
  • xrpXRP (XRP) $ 0.549368 2.66%
  • staked-etherLido Staked Ether (STETH) $ 3,187.22 0.19%
  • dogecoinDogecoin (DOGE) $ 0.159196 1.29%
  • the-open-networkToncoin (TON) $ 5.87 4.46%

Bittrex Ready to Delist Monero, Dash and Zcash from Their Exchange

 Bittrex Ready to Delist Monero, Dash and Zcash from Their Exchange

Cryptocurrency exchange Bittrex has become the latest site to join the growing number of exchanges that are ready to reduce crypto offering to their users, explaining in a release earlier today that they will be delisting Monero, Dash and Zcash from their service.

Warning their users, Bittrex explained that they would be discontinuing their listing of the three crypto coins on their exchange from Friday 15th January at 23:00 UTC, giving their users the opportunity to either move or sell their holdings.

The exchange usually provide their users with a 30 day period in which they can withdraw or move their tokens, but in this instance the time has been reduced to which they intend to break their connection to the blockchains related to each token.

Although Bittrex have spoken out through their release to inform their users of the change, they did not provide a reason behind their decision however while we are within a time in which there are a number of lawsuits hanging over the likes of Ripple Labs’ in regards to XRP and Coinbase being sued for allowing the sale of the XRP coin, thoughts are that they are looking to pre-empt a requirement to become compliant to regulations designed to prevent money laundering globally.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related post