Tornado Cash token TORN fell by 40% after the announcement of delisting on Binance
The world's largest crypto exchange Binance announced the delisting of the native token of the crypto mixer Tornado Cash, which was subject to sanctions. This immediately affected the quotes of the digital coin. The Binance team does not disclose the reasons that prompted the delisting of Tornado Cash (TORN) tokens. The official announcement of the trading platform only states that TORN tokens no longer meet its standards. Shortly after the news appeared, the price of TORN fell by almost 40%, to $2.2, according to CoinGecko data.
The exchange specified that in addition to the delisting of TORN, BitShares (BTS), PERL (PERL) and Waltonchain (WTC) tokens will be removed from the listing from December 7. All transactions with trading pairs BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC and WTC/USDT will become unavailable. Binance Simple Earn will delist BTS, PERL, TORN, and WTC after December 5, 2023. Deposits in these tokens will not be credited from December 8, and withdrawals of these assets from the exchange will only be supported until March 7, 2024.