Binance Will Delist Monero (XMR) on 20th Feb
In the world of crypto exchanges, coin listing and delisting is quite common but we need to keep an eye on such updates. This is because when the coin we hold or trade gets delisted then accordingly we need to make some changes in our strategy and specifically if you are holding the coin then it is even more important. For example, if I talk about the Binance exchange which is one of the biggest international exchanges then any coin getting delayed from the exchange is an important update.
We often see updates coming from Binance about the listing and delisting of coins. I pay more attention to delisting and make sure the coins that are getting delisted are not part of my portfolio. Getting Deal State Farm a bigger exchange is kind of an alarming situation and it might affect the overall trading volume for the project and coin in the market.
Monero is one of the popular crypto projects on the blockchain and this coin is getting delisted from the exchange on 20th Feb. This is one of the coins that is known for its privacy because with this coin it is not possible to track the source and destinations and this is the USP of this crypto coin. Below is the link to the official announcement and you can see a couple of other coins getting delisted but I am specifically talking about Monero because it is a popular project and its delisting is big news.
Binance Will Delist ANT, MULTI, VAI, XMR on 2024-02-20
The possible reason behind this delisting can be the privacy coin which means now exchanges try to avoid getting included in any kind of projects that are not transparent. This is because the governments in different countries are trying to have more transparency and in this era having a coin that is not transparent but keeping things secret may not be a good thing. This coin is very good if you are trying to send the funds to anyone using Monero then it will not be possible to track a transaction.
If in case you are holding Munero in exchange then it is time for you to take action ASAP and withdraw all your tokens before the delisting happens on 20th February which is just two weeks away from now.
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For delisting xmr from Binance we can see a big downfall. However, your article was so beautiful. Thank you so much for sharing your post with us brother.
what you said is right
This is not good news for Monero holders. Monero is a good project still Binance delisting this coin so next it can be any coin so that is why it's scary.
agree its not a good news but lets see
Binance is recently going to delist four coins from their exchange. Thanks for your update and hope it helps a lot of people.
thanks
I think Binance is a good decision! Many people are losing their money by investing in bad coins, so Binance should remove all bad coins from their Exchanger!
Really very nicely explained. Wish you all the best. Keep posting like this.