Home » Monero sinks as Binance declares delisting

Monero sinks as Binance declares delisting

by CoinVeem

Monero’s value plummeted after Binance introduced it will delist the privacy-focused cryptocurrency. 

Monero fell beneath US$120 Tuesday because the delisting announcement for the primary time since November 2022, CoinGecko information exhibits. 

Binance, the world’s largest cryptocurrency alternate, mentioned it will even be delisting Aragon, Multichain, and Vai from its platform. Monero and the three tokens won’t be obtainable for Binance customers from Feb. 20. 

Last month, Binance mentioned it prolonged “monitoring tags” for chosen tokens together with Monero. Binance provides a “monitoring tag” to tokens it views exhibit “excessive volatility and dangers.” 

Monero, recognized for its robust privateness options that obscure transaction particulars, has been beneath scrutiny by regulators who worry it may very well be used for illicit actions. 

In December final 12 months, OKX, one other main cryptocurrency alternate, additionally delisted Monero together with different privacy-focused tokens from its platform. 

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