Monero Plummets Following Major Crypto Exchange Delisting, Are More Losses Imminent?
Summary
Monero (XMR) price dropped after Binance announced its delisting, along with three other tokens, due to not meeting the exchange's standards. Binance will cease trading XMR on February 20, 2024, and stop XMR deposits on February 21, 2024. Withdrawals will be supported until May 20, 2024. Monero's price fell by 32.7% after the news. The crypto community criticized Binance's decision, with concerns raised about the reasons for delisting. Binance's delisting decision has sparked negative reactions, with some attributing it to the exchange's increasing compliance measures.
