Cryptocurrency exchange Binance announced in a statement released on Tuesday that it will halt trading and delist several tokens, including Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero ($XMR), starting from February 20 at 11:00 AM Taiwan time. The trading pairs that will be removed include ANT/USDT, ANT/BTC, MULTI/USDT, USDT/VAI, XMR/USDT, XMR/BTC, XMR/BNB, and XMR/ETH. Withdrawal services for these tokens will be available until May 20, 2024, at 11:00 AM.
Binance stated that when tokens no longer meet the listing criteria or undergo significant industry changes, the platform will conduct a thorough project review and may proceed with delisting.
Following the announcement, the prices of ANT, MULTI, and Monero (XMR) experienced significant fluctuations. According to TradingView data, the price of Monero dropped from around $165 to $147.4, with a decline of over 10% at the time of this article’s publication.
Source: TradingView
According to a previous report by Zombit, Binance had announced in early January that it would add “watchlist tags” to 10 cryptocurrencies on the platform, including Monero (XMR), ZEC, ZEN, and FIRO, among others, in the privacy coin category. The exchange warned that these tokens may no longer meet its listing standards.
