/biz/ - Business & Finance

>>55144109
>price wise
imo this is just for short term price action only. Delisting mainly does two things, it removes liquidity from the market and drives away investors. The latter one is not a very bad thing, but the moonboys will not appreciate having a speculation free market. Extra investorial demand always seem to come in cycles, especially in the crypto sphere, so it could even have a net zero effect on the price. On the other hand, the removed liquidity only targets people who'd be using these CEXes in the first place. As most of the activity that Monero is used for is already grey/black market the people using Monero for its actual intended purpose have their proper on and off-ramps whether that be DNM swapping sites of LM. Delisting will only create further pressure and more importantly liquidity on alternative, unregulated Monero exchanges. New ones like Haveno or atomic swaps will come up, but don't expect them to drive up off-CEX volumes. Rather, expect off-CEX volumes increase and these new markets to be tested for their worth. Delisting driving volume away has probably the best timing with DEXes/alternative markets coming out.
That or I am underestimating how many investors are in Monero. It is the clown market and volume data simply doesn't add up for Monero. Seriously, check out perpetuals. Some were reporting billions of USD of 24h volume. The spot market is no better, Kraken (30th by daily volume) is currently outranked 2x on 24h volume by BingX and 15x by CoinDXC at 10.991$m USD daily volume. The numbers don't add up, even if you are used to cryptocurrency shenanigans
>https://www.coingecko.com/en/coins/monero#markets