Huobi Global has announced the termination of its trading service for several privacy coins including Dash, Monero, Verge, and others. The exchange says the move is in a bid to comply with financial regulations, according to September 12, 2022 statement.
Huobi Global, a Chinese digital assets exchange headquartered in Seychelles, has become the latest crypto market participant to wage war against privacy coins.
In a statement released by the exchange on September 12, Huobi revealed that it terminated the trading service of all major privacy coins on its platform on September 6. However, the official delisting will be made on September 19.
The affected privacy tokens are Dash (DASH). ZCash (ZEC), Monero (XMR), Verge (XVG), Decred (DCR), Firo (FIRO), and Horizen (ZEN). The exchange has made it clear that users will no longer be able to deposit the privacy coins into their Huobi accounts starting from 08:00 UTC on September 12, 2022, but withdrawal services will continue to function.
Huobi users are advised to cancel all open orders for the affected privacy tokens as soon as possible. Any open order as of the official delisting time will be canceled by the exchange and credited to the user’s spot account.
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