The cryptocurrency exchange will delist four tokens from its platform.
According to the crypto exchange's announcement on February 6th, Binance will delist Aragon (ANT), Multichain (MULTI), VAI (VAI), and Monero (XMR) on February 20th.
“If a coin or token no longer meets this standard, or if the industry changes, we will conduct a more detailed review and possibly delist it. We believe this best serves all users. I believe in protecting it.”
Binance announcement
From this date, Binance will suspend trading in ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT. Also, on the specified date, all trading orders will be automatically deleted after the trading of each corresponding trading pair is completed.
At the time of writing, VAI and ANT had shown little reaction to the news of their delisting from Binance. However, MULTI and XMR went bankrupt soon after their announcement.
According to CoinmarketCap, MULTI’s value has fallen over 27% in the past 24 hours, dropping to $1.54. Market capitalization also declined by the same percentage, down to $22 million. However, the trading volume of the token increased by almost 190%. This could indicate that traders are transferring tokens or liquidating positions.
XMR also responded with an impressive drop of 17%. At the time of writing, the token is trading at $137.77. Trading volume also increased by nearly 77% to $102 million.
In December last year, OKX cryptocurrency exchange announced the delisting of anonymous cryptocurrencies Monero and ZCash. The platform said the reason for removing trading pairs was that they “did not meet strict criteria.” Starting December 27, 2023, the platform stopped accepting deposits in his FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN tokens. Withdrawals for these cryptocurrencies will be available to users until March 5, 2024.
