The price of privacy tokens such as dash (DASH), Monero (XMR) or ZCash(ZCH) has dropped by as much as 10 percent after prominent crypto exchange OKX announced Friday that it would delist the trading pairs for these currencies on January 5.

OKX announced on its website that it would be delisting certain trading pairs based on user feedback and the OKX Token Delisting/Hiding Guideline.

Many of the listed tokens fall under this category, even though OKX has not stated explicitly that it is banning them because they provide enhanced privacy in transactions.

Privacy coins are cryptos that protect anonymity by hiding the money flow across their network. It is difficult to determine who sent what and to whom, which can be useful if no one wants to snoop on your financial activities. are not very popular among regulators.

UPDATE: Adds privacy coin description in the last paragraph.

Sheldon Reback is the editor.