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Cryptocurrency exchange Binance will delist the monero (XMR-USD) privacy coin on Feb. 20, it said on Tuesday, sending the token down 28.2%. At the same time, Binance will stop listing aragon (ANT-USD), multichain (MULTI-USD) and vai (VAI-USD) tokens.
After May 20, withdrawals of the tokens will not be supported.
“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,” Binance said in a blog post.
The monero (XMR-USD) pairs being removed are against bitcoin (BTC-USD), ether (ETH-USD) and tether (USDT-USD).
XMR’s intraday swoon brings its Y/Y loss to 27.4%. Still, the token gained 177.9% from five years ago. Like all privacy coins, XMR was designed to prioritize the anonymity of users and their transactions by obscuring the flow of money across networks.
More on Aragon USD, Monero USD, etc.
Read More: XMR-USD drops on news Binance will delist privacy token (Cryptocurrency:XMR-USD)