CandleFocus

Privacy tokens reach highest delisting rate in 2024 — Kaiko

A recent report by Kaiko reveals that privacy tokens, including Monero (XMR) and Dash (DASH), have experienced a significant number of delistings on centralized exchanges in 2022. XMR saw the highest number of delistings, followed by DASH. Regulatory pressure in various jurisdictions, such as Japan, Australia, South Korea, the UAE, and the EU, has been cited as the primary driver behind these delistings. Crypto exchanges like Kraken, Binance, OKX, and Huobi have removed or restricted access to privacy tokens due to regulatory concerns. However, exchanges with lesser regulatory scrutiny, like Poloniex and Yobit, have witnessed an increase in trading volume and demand for privacy tokens, accounting for almost 40% of the trading volume for these tokens. The report also highlights that the demand for privacy tokens on these platforms often exceeds their order book liquidity.

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