The upcoming Monero delisting might be a “sign of the slow demise of Binance," according to some industry observers.
Major privacy-focused cryptocurrency Monero (XMR) has plummeted to multi-month lows amid Binance announcing the upcoming delisting of the token from its platform.
Binance will delist Monero alongside other tokens like Aragon (ANT), Multichain (MULTI) and Vai (VAI) on Feb. 20, 2024, the exchange announced on Feb. 6.
As a result of the delisting, Binance will remove all four trading pairs involving Monero, including those trading against Bitcoin (BTC), Ether (ETH), Tether (USDT) and Binance’s native coin, Binance Coin (BNB).
