Huobi privacy coins

Huobi Delisting Privacy-Centric Coins

13.09.2022 09:10
by Gabriel Cross
1 min read

Huobi is removing support for seven cryptos designed to protect traders’ privacy, including Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC), and Horizen (ZEN).

The Seychelles-based crypto exchange has already eliminated trading with these coins. Placing a deposit will be possible until September 12, and the coins will be completely delisted on September 19. Users who do not cancel their ongoing orders by the time the cryptos are delisted will find the assets credited to their accounts.

The reason behind the removal of privacy-centric coins is that they present a problem with financial regulators. Not having transparent public ledgers is attractive to some users, but makes it harder for governmental institutions to examine the transactions.

This kind of news is not unusual in the crypto industry. For instance, Monero, while being among the top 30 cryptos by market capitalization, is already not sold on exchanges such as Bittrex and Coinbase.

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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