- Binance, one of the world’s largest cryptocurrency exchanges, has announced the delisting of Monero (XMR) along with other tokens.
- The delisting of Monero has led to a significant drop in its price to multi-month lows.
- Binance will remove all trading pairs involving Monero from its platform, including those trading against Bitcoin, Ether, Tether, and Binance Coin.
Monero Delisting by Binance
Major cryptocurrency exchange Binance has announced the delisting of Monero (XMR) and several other tokens. This decision has caused Monero’s price to drop significantly to multi-month lows. Binance plans to remove all trading pairs involving Monero from its platform, which includes pairs with Bitcoin, Ether, Tether, and Binance Coin.
The delisting of Monero by Binance may be a concerning sign for the future of the cryptocurrency exchange. Monero is known for its privacy features, which may have contributed to the decision to delist it. The removal of Monero from Binance could limit its accessibility and trading volume, potentially impacting its overall market position. This move by Binance highlights the challenges faced by privacy-centric cryptocurrencies in gaining mainstream acceptance.