Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»The price of Monero plummeted after Binance announced its delisting.
TRADING NEWS

The price of Monero plummeted after Binance announced its delisting.

By Crypto FlexsFebruary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The price of Monero plummeted after Binance announced its delisting.
Share
Facebook Twitter LinkedIn Pinterest Email

Monero (XMR), a leading privacy-focused cryptocurrency, saw its price drop significantly after Binance announced its upcoming delisting from the platform. Binance plans to delist Monero along with other tokens such as Aragon (ANT), Multichain (MULTI), and Vai (VAI) on February 20, 2024.

With the delisting, Binance will remove all trading pairs associated with Monero, including Bitcoin, Ethereum, Tether, and Binance’s native coin, BNB. The exchange stated that all trading orders will be automatically removed after trading is suspended in each trading pair and withdrawals of these tokens will not be supported after May 20, 2024.

Binance also mentioned the possibility of converting delisted XMR to stablecoins on behalf of users after May 21, although this conversion is not guaranteed. The exchange plans to provide separate notification before the conversion takes place, after which the stablecoins will be credited to users’ Binance accounts.

The decision to delist Monero was influenced by several factors, including its contribution to a healthy and sustainable cryptocurrency ecosystem, evidence of unethical or fraudulent activity, and its response to a due diligence request from Binance.

News of Monero’s delisting had an immediate impact on its price, dropping nearly 19% to $136 on Binance. Although it has recovered slightly to $140.30 at the time of writing, Monero is trading at levels not seen since September 2023.

Binance is not the only exchange to delist Monero, as OKX also delisted Monero and Zcash, another privacy-focused coin, in early 2024. Some industry observers see this delisting as a potential indicator of problems facing Binance, given ongoing regulatory issues. and former CEO Changpeng Zhao’s legal troubles.

Despite the delisting, Monero continues to be a prominent privacy coin in the cryptocurrency market, recognized for its focus on user privacy and anonymity.

Monero fell significantly on the news of Binance’s delisting.

It’s not good for Monero, but I mainly see this as a sign of the slow demise of Binance. Now they are “so compliant” that they can no longer choose which assets to support.

— John Brown (@john_j_brown) February 6, 2024

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Bitcoin and Binance Coin (BNB)

December 5, 2023

Bitcoin Cash Price Prediction for Today May 5 – BCH Technical Analysis

May 5, 2024

Was there any notice on Wall Street? Greenpeace blames cryptocurrency mining for environmental problems

June 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.