Bittrex has started the new year by announcing Preparing to delist and remove privacy cryptocurrencies from trading on its platform.

The decision comes 10 days after the US Securities and Exchange Commission announced a lawsuit against Ripple, which led several US trading platforms to write off or prepare to suspend trading of the digital currency Ripple.

Bittrex was one of the trading platforms that announced XRP has stopped trading, and it appears that it is continuing its delisting wave as it announced the suspension and removal of other cryptocurrencies from circulation.

The cryptocurrencies that Bittrex announced their removal from trading on its platform are:

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Monero “XMR”, “DASH”, “Zcash” “ZEC”.

All of these digital currencies share a privacy feature.

Read more about cryptocurrency privacy: What is the importance of privacy coins and who uses them?

The Bittrex platform announced the trading pairs that will be removed from trading on the platform as follows:

BTC/XMR, ETH/XMR, USDT/XMR, BTC/ZEC, ETH/ZEC, USDT/ZEC, USD/ZEC, BTC/DASH, ETH/DASH, USDT/DASH.

It is worth noting that the platform will not remove the cryptocurrencies referred to above immediately, but rather has given its users 30 days to withdraw their cryptocurrencies before the final suspension process.

Bittrex warned of the possibility of shortening the announced period and deadline in certain cases, and therefore Bittrex advised its users to withdraw their cryptocurrencies as soon as possible.

As we were told at the beginning of the article, the announcement of “Bittrex” comes a few days after it announced the removal of the Ripple currency from circulation.

But there is a difference between the two ads.

The first announcement of the deletion of the Ripple currency, obviously, came after the Securities and Exchange Commission filed charges against Ripple with a lawsuit that it provided unregistered securities worth $ 1.3 billion, and as a result, several platforms decided to remove the digital currency XRP, including “Bittrex.”

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While the second announcement of the deletion of privacy cryptocurrencies from the “Bittrex” platform, the platform did not explain its reasons,

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Is it for regulatory reasons or came after receiving regulatory orders or to avoid legal problems with the SEC, until now the official reason is unknown.

Impact of digital currencies announced to be delisted:

The three privacy cryptocurrencies announced to be removed from trading from the Bittrex platform were affected and fell to lower levels.

As the digital currency Monero fell from the level of 169 dollars to 135 dollars, the price of the Dash coin fell from 102 dollars to 87 dollars, while ZCash fell from the level of 67 dollars to 57 dollars.

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