Cryptocurrency exchange Binance announced in a statement released on Tuesday (6th) that it will suspend trading and delist several tokens, including Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero ($XMR), on February 20th at 11:00 am Taiwan time. The delisted trading pairs include ANT/USDT, ANT/BTC, MULTI/USDT, USDT/VAI, XMR/USDT, XMR/BTC, XMR/BNB, and XMR/ETH. The withdrawal service for these tokens will be discontinued on May 20th, 2024, at 11:00 am.
Binance stated that when tokens no longer meet the listing criteria or undergo significant industry changes, the platform will conduct a thorough project review and may proceed with delisting.
Following the announcement, ANT, MULTI, and Monero (XMR) experienced significant price fluctuations. According to TradingView data, the price of Monero dropped from around $165 to $147.4, with a decline of over 10% at the time of this article’s publication.
Source:
TradingView
According to a previous report by Zombit, Binance had announced in early January that it would add an “observation label” to ten cryptocurrencies on its platform, including Monero (XMR), ZEC, ZEN, and FIRO, which are privacy-focused coins. The exchange warned that these tokens may no longer meet its listing standards.
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