Binance Ceases All Trading of Privacy Coins.
18 Jul 2023, 08:00
Binance Ceases All Trading of Privacy Coins
Binance – the world’s largest and most popular digital currency exchange in the world – has announced it’s pausing all trading of privacy-centered cryptocurrencies indefinitely.
Binance Says No More Privacy-Focused TradingAt the time of writing, Binance customers will no longer be able to trade or invest in a wide array of anonymous coins focused on full user privacy. The names include Decred, Secret, Verge, BEAM, Monero, Firo, and Zcash, to name a few. Binance explained in a recent statement that the decision was made following new regulatory concerns in several European countries including France, Poland, and Italy.
The news comes as a shock and raises several questions, a big one being, “Is this the end of the crypto space as we know it?” While the industry is still in play and still has lots to offer, one of the big clinchers was that individuals could flock to it in the hopes they could engage in financial activity without being spied on.