Binance Delists Monero (XMR) and Other Coins
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,” the crypto exchange wrote in an official announcement. “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”
The price of Monero’s native coin, XMR, has fallen by more than 15% on the news of the delisting.
Delisting Comes as No Surprise
The exact Monero trading pairs being removed are against bitcoin, ether, and tether. In early January, Binance placed “monitoring tags” on Monero and other coins. Rival exchange OKX also delisted Monero, Zcash, and Dash in January.
Exchanges face regulatory pressure to delist privacy coins, leading some coins to remove their privacy features to comply.
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