February 20 at 3:00 UTC crypto exchange Binance will exclude from the list of traded instruments Aragon (ANT), Multichain (MULTI), Vai (VAI) and Monero (XMR).
February 6, 2024 | 17:42 Update:
In response to the company’s decision to delist, Monero developers said that they would never compromise on privacy issues and advised trading XMR on other platforms.
See more
Monero will never compromise on privacy.
You can trade Monero on other exchanges, on DEXs, and with atomic swaps. Please self-custody your XMR. https://t.co/Uba3GwZMRW
— Monero (XMR) (@monero) February 6, 2024
The price of the latter fell by more than 15% within three hours after the message.
XMR/USDT hourly chart of the Binance exchange. Data: TradingView.
Fall of MultiChain reached 23%, according to CoinGecko. Aragon price has returned to its original levels and shows growth of 0.2%. Vai Quotes decrease by 0.4%.
After February 20 at 3:00 UTC, the platform team will close the possibility of depositing and withdrawing these assets.
In the future, tokens can be converted into stablecoins, although this is not guaranteed, the organization warned.
Delisting will affect the following trading pairs:
- XMR/BNB;
- XMR/BTC;
- XMR/ETH;
- XMR/USDT;
- ANT/BTC;
- ANT/USDT;
- MULTI/USDT;
- USDT/Shoulder.
The composition of the Binance Simple Earn, Binance Auto-Invest, Binance Loans, VIP Loan, Binance Gift Card, Binance Pay programs, as well as the trading bot service will also change accordingly.
On February 16 at 6:00 UTC, the exchange will stop taking into account XMR, ANT, MULTI when calculating cross and isolated margin.
On February 15 at 9:00 UTC, Binance Futures will close all positions and automatically settle the XMRUSD Coin-M Perpetual Contract. The platform warned about possible changes to the essential terms of the instrument before this date.
The delisting will not affect the USDⓈ-M XMRUSDT and ANTUSDT. Users will be able to continue to perform transactions with them.
The decision to exclude XMR, ANT, MULTI and VAI was made following the results of another audit to ensure that the assets meet a high level of standards.
“When a coin or token no longer meets this requirement, we conduct a more in-depth analysis followed by possible delisting. In our opinion, this best protects users.” – the message says.
Factors considered include:
- team commitment to the project;
- level and quality of developers’ activities;
- trading volume and liquidity;
- stability and security of the network from attacks;
- stability of the network/smart contracts;
- level of public communication;
- responsiveness to periodic due diligence requests;
- evidence of unethical/fraudulent behavior or negligence;
- contribution to the sustainability of the crypto-ecosystem.
Let us remember that at the beginning of the year, Binance classified Zcash and Monero as high-risk crypto assets.
In January, crypto exchange OKX delisted several privacy-focused coins, including DASH, XMR, ZEC and ZEN.
Subscribe to ForkLog on social networks
Found an error in the text? Select it and press CTRL+ENTER
ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!
2024-02-06 14:59:36
#Monero #price #fell #reports #delisting #Binance #ForkLog
