Aragon

Multichain

Monero

<div class="cryptonews">
 <p class="is-style-lead">The cryptocurrency exchange will <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a> four tokens from the platform.</p>
 <p>According to the crypto exchange’s <a rel="noopener noreferrer nofollow" title="announcement" href="https://thebittimes.com/tag/announcement.html">announcement</a> on Feb. 6, Binance will <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a> Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) on Feb. 20.</p>
 <blockquote class="wp-block-quote">
  <p>“When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”</p> <cite>Binance announcement</cite>
 </blockquote>
 <p>As of this date, Binance will stop trading ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, XMR/USDT. In addition, on the specified day, all trading orders will be automatically deleted after trading ceases in each corresponding trading pair.</p>
 <p>At the time of writing, VAI and ANT had practically no reaction to the news of the <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a>ing from Binance. However, MULTI and XMR collapsed shortly after the <a rel="noopener noreferrer nofollow" title="announcement" href="https://thebittimes.com/tag/announcement.html">announcement</a>.</p>
 <p>According to CoinmarketCap, MULTI has lost more than 27% in value over the past 24 hours, dropping to $1.54. Market capitalization fell by the same percentage, falling to $22 million. However, token trading volumes increased by almost 190%, which may indicate that traders are transferring the token or liquidating their positions.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14245715">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/02/06/b49c5ace26303d3403fae27f5147a48c.webp.webp">
   <img decoding="async" width="1024" height="568" src="https://cdn.thebittimes.com/images/2024/02/06/b49c5ace26303d3403fae27f5147a48c.webp" alt="Monero and Multichain collapse amid Binance's recent announcement to delist - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinmarketCap
  </figcaption>
 </figure>
 <p>XMR also reacted with an impressive decline, falling 17%. At the time of writing, the token is trading at $137.77. Trading volumes also jumped nearly 77% to $102 million.</p>
 <figure class="wp-block-image size-large"><picture loading="lazy" decoding="async" class="wp-image-14245716">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/02/06/45819cbeefda98b2a9f6d13a344c7788.webp.webp">
   <img loading="lazy" decoding="async" width="1024" height="557" src="https://cdn.thebittimes.com/images/2024/02/06/45819cbeefda98b2a9f6d13a344c7788.webp" alt="Monero and Multichain collapse amid Binance's recent announcement to delist - 2"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinmarketCap
  </figcaption>
 </figure>
 <p>Last December, the OKX crypto exchange announced the <a rel="noopener noreferrer nofollow" title="delist" href="https://thebittimes.com/tag/delist.html">delist</a>ing of anonymous cryptocurrencies Monero and ZCash. The platform cited the reason for deleting trading pairs as “not meeting its strict criteria.” From Dec. 27, 2023, the platform stopped accepting deposits in FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN tokens. The withdrawal of these cryptocurrencies will be available to users until March 5, 2024.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/monero-and-multichain-collapse-amid-binance-s-recent-announcement-to-delist-tbt79011.html">https://thebittimes.com/monero-and-multichain-collapse-amid-binance-s-recent-announcement-to-delist-tbt79011.html</a></p>

Monero and Multichain collapse amid Binance’s recent announcement to delist

TheBitTimes

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