Binance Announces Delisting of Monero and Other Tokens, Triggering Price Plunge

The decision to remove Monero and several other cryptocurrencies from its platform has led to significant market reactions, with Monero's value dropping sharply.

Monero's price fell by over 15% following Binance's announcement to delist the privacy-focused cryptocurrency.
Binance will cease trading of Monero and other selected tokens, including Aragon, Multichain, and Vai, on February 20, 2024.
Withdrawals of the delisted tokens from Binance will not be supported after May 20, 2024.
The delisting decision is part of Binance's periodic review process, aimed at ensuring listed tokens meet its standards for a robust and sustainable cryptocurrency ecosystem.
Other exchanges, such as OKX, have also delisted Monero and similar privacy-centric coins, reflecting increasing regulatory pressure on privacy tokens.