Binance Will Delist Monero
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The price of Monero experienced a significant 17% drop on Tuesday following the announcement from Binance that it would be delisting the privacy token from its platform.
Along with Monero, Binance also delisted three other tokens – Aragon (ANT), Multichain (MULTI), and Via (VAI).
The decision was made as part of Binance’s routine evaluation of standards and industry changes.
Monero has a market cap of over $2.5 billion. As of reporting, it was trading at around $140.67. Monero is classified as a privacy coin, designed to offer users enhanced anonymity and privacy.
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