Overview

• 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.