Privacy coins have been associated with money laundering and terrorism because they can hide transaction information. Since 2024, exchanges have hoped to operate legally and in compliance with regulations, unlike before when they were always wandering on the gray edge. They all want to go ashore, and privacy coins may become the final token of their loyalty.
The three privacy coins Monero XMR, ZEC, and Dash have either been removed from the market or added to the watch list, waiting for the order. For exchanges to comply with regulations, the first thing is KYC, and privacy coins are inherently contradictory to this, so they have no choice but to abandon them.
This is the conflict between the designer's idealistic vision and reality.
Compliant exchanges will not trade privacy coins.
As of now, OKX has delisted these three privacy coins, Binance Monero has been delisted, ZEC has entered observation, and Dash is normal.