🚨 Binance to Delist Four Altcoins
The world’s largest crypto exchange, Binance, has announced that it will delist four altcoins. Binance conducts periodic reviews using various parameters for all listed coins. Altcoins failing to meet the high standards set by these parameters undergo an in-depth review, resulting in delisting. This decision is made in the best interests of the exchange’s investors.
The delisting will take effect on February 20, 2024. Starting from February 21, 2024, deposits for these altcoins will no longer be accepted, and withdrawals of the delisted coins will cease after May 20, 2024.
The altcoins to be delisted are as follows:
💥ANT:
Ranked 176th by market capitalization.
Currently trading at $5.88 USD.
Aragon enables developers to build their own DAOs on the network. It operates on top of the Ethereum network, allowing developers to create and deploy various applications for other network participants.
💥MULTI:
Ranked 694th by market capitalization.
Currently trading at $1.59, down by 22% in the past 24 hours.
Multichain serves as a bridging platform for cryptocurrencies and NFTs across different blockchains. Previously known as Anyswap, Multichain facilitates bridging via pegged tokens or liquidity pools.
💥VAI:
Ranked 1096th by market capitalization.
Currently trading at $0.9734, with a 2.24% decrease in the past 24 hours.
Vai is a decentralized stablecoin built on the Venus Protocol, operating on the Binance Smart Chain. It is backed by a basket of stablecoins and other crypto assets without centralized control.
💥XMR:
Ranked 33rd by market capitalization.
Currently trading at $144.82, experiencing a 12% decline.
Binance’s decision to delist these tokens has garnered attention within the cryptocurrency community, particularly due to Monero’s strong market presence. With a market capitalization of $2.6 billion, XMR holds significant importance in the industry.
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