Leading Trading Platform Suspends Transactions On 3 Altcoins
Leading cryptocurrency wallet and trading platform Abra stops trading in privacy-focused altcoins. Trading on Monero, Zcash and Dash will be suspended, according to the platform’s statement. He announced on Bittrex last Friday that he would drive XMR, ZEC and DASH crazy. These developments had a negative impact on the prices of privacy-focused altcoins.
Abra stops trading privacy-focused altcoins
The leading cryptocurrency wallet and trading platform, Abra, announced that it will suspend trading on Monero (XMR), Zcash (ZEC) and Dash (DASH) from January 15, 2021 . Abra made the following statement on the subject:
DUE TO LEGAL UNCERTAINTIES REGARDING XMR, ZEC AND DASH, OUR CUSTODIAN PARTNER WILL NO LONGER SUPPORT THESE ASSETS. FOR THIS REASON, ABRA HAS NO CHOICE BUT TO SUSPEND THE TRADING OF THESE ASSETS FOR NOW. CUSTOMERS MUST WITHDRAW ASSETS BY THE DUE DATE OF JANUARY 15, 2021. FAILURE TO WITHDRAW MONEY BY THIS HOUR MEANS THAT THE CLIENT MAY RUN THE RISK OF LOSING ASSETS. FOLLOW @ABRAGLOBAL ON TWITTER FOR REAL-TIME UPDATES ON THE TOPIC.
Bittrex announced that it will remove privacy-focused cryptocurrencies from its platform
Last Friday, the popular cryptocurrency exchange Bittrex announced that it will be removing it from its privacy-focused cryptocurrency platform. According to the statement made by Bittrex, XMR, ZEC and DASH will be delisted from the platform on January 16 at 02:00. The price of XMR, ZEC and DASH crashed with this news.