A new report by Kaiko reveals that the liquidity for privacy tokens has plummeted to an all-time low of just $5 million.
This drop follows the delisting of several trading pairs by OKX for not meeting certain criteria.
Regulatory Challenges Behind Delisting
Regulatory pressures have particularly impacted tokens like Monero (XMR) and Zcash (ZEC), pushing them to the brink of being delisted from platforms like Binance due to low liquidity.
Despite the market turmoil, the end of 2023 witnessed several notable developments. During last week’s sell-off, the trade volume on Korean exchanges reached a multi-year high. Bitcoin’s share rose to 32%, a level not seen since 2020, amid a general drop in altcoin trading volumes.
This shift in trading dynamics came despite increasing regulatory efforts in South Korea, including proposed rules for crypto exchanges and a ban on crypto purchases with credit cards.
The market for SOL (Solana) also saw positive trends. At times, SOL’s trading volume
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