China News Daily TheBitTimes.com

One of the largest cryptocurrency exchanges, OKX, announced delist ing several trading pairs at once. According to the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairs with several prominent privacy-focused cryptocurrencies, including Monero (XMR) and Dash (DASH). The delist ing will take place on Jan. 4 and 5, 2024. The exact reason for this decision is unknown. Platform representatives stated the following: “To maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications regularly.” OKX announcement The exchange recommended that orders for these pairs be canceled prior to delist ing, otherwise they will be canceled automatically within 1-3 business days. The exchange had also suspended accepting deposits in some currencies, including XMR and DASH, on Dec. 27. Withdrawals will be suspended on Mar. 5, 2024. Earlier, the head o...

Key takeaways A Binance executive has warned that the exchange could delist multiple stablecoins soon. The delisting will be fueled by the EU’s MiCA regulation taking effect next year. Binance to delist  multiple stablecoins A Binance executive has warned that the cryptocurrency exchange could delist multiple stablecoins from its platform.  The delisting could happen as the cryptocurrency exchange attempts to decipher the implications of the EU’s Markets in Crypto Assets (MiCA) regulation. At the moment, it is still unclear how MiCA will apply to decentralized stablecoins and other foreign stablecoin issuers. However, officials from the European Banking Authority (EBA) have pointed out that the regulation immediately applies to coins already on the market. MiCA was approved last June and will make the EU the first major region in the world to roll out a comprehensive crypto regulation. The regulation would allow crypto exchange an...