Binance, which inexplicably and arbitrarily had revoked the trading of privacy coins in four European countries, came out publicly to announce that they reconsidered the matter and magically decided to reverse their decision, allowing the coins to be traded again.
Now, the giant cryptocurrency exchange claims to have reviewed their previous decision and, after hearing from the various affected crypto communities, they decided not to halt the trading of privacy-focused cryptocurrencies. What's funny about all this is that in their previous decision to delist these coins, Binance claimed they were doing so to comply with local laws! And surprisingly, they don't mention that point anymore.
Excuse me, but I am skeptical of this action by Binance, and I already mentioned this in my article on the subject. The exchange is not being faithful to its users, and in my opinion, there was an external influence or dubious motives (which we won't know anytime soon) behind the previous decision.
Today, we can celebrate that they have decided to accommodate coins like ZEC on their trading platform, where there is a larger audience of investors. However, we cannot forget that they hold the power, and at any moment, they can revert to their previous decision out of the blue. It is necessary for coins like ZEC to have a popular, decentralized, and massive trading platform to put an end to this erratic behavior of exchanges once and for all.
It is a victory for privacy coins in the countries where Binance had decided to ban their trading on its platform. However, there is still much to do in the market to not be at the mercy of centralized exchanges for trading ZEC and other privacy coins. After all, the right to privacy is a necessary human good.
This decision is welcome, and the entire privacy coin community should celebrate it. But there is an urgency for more efficient decentralized platforms to trade privacy-focused cryptocurrencies.
And what do you, fellow enthusiasts, think of this decision to reverse the previous delisting of all privacy coins in Spain, France, Italy, and Poland? Remember, your opinion is important.
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