Binance explains delisting of Monero (XMR)

Members of the crypto community have suggested that the real reason for Monero's delisting is Binance's reluctance to interact with anonymous cryptocurrencies that conflict with government interests. Regulatory authorities in the United States and other countries have many complaints about the crypto exchange. The move away from anonymous cryptocurrencies could be Binance's response to regulatory pressure.

“Monero falls on news of the delisting of the cryptocurrency from Binance. This is certainly bad for Monero, but the decision to delist can also be seen as a sign of the slow decline of the exchange itself. Now Binance is so “obedient” that it simply cannot independently choose which assets to work with,” this is how John Brown, a popular trader in the crypto community, commented on the decision to delist XMR from Binance.

In addition to Monero, the Binance team will also delist Aragon (ANT) Multichain (MULTI) and Vai (VAI) coins. Cryptocurrencies will be delisted on February 20, 2024. Along with them, trading pairs ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH and XMR/USDT will disappear from Binance. The crypto exchange team asks users to withdraw Monero, Aragon, Multichain and Vai from their accounts before February 20th.

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$XMR $ANT $MULTI