2024-02-07
Binance announced that it will delist
Monero (XMR). Monero is a privacy coin. It uses a feature called “Ring
Signature” to create private transactions. It makes the general public unable to see the transactions.
Monero uses proof-of-work to validate
transactions. It can process 1,700 transactions per second. It has a block time
of 2 minutes.
Binance will delist
-Aragon
(ANT)
-Multichain
(MULTI)
-Vai
(VAI)
-Monero (XMR)
at 2024-02-20 03:00 (UTC)
Binance citing one of these reasons to
delist cryptocurrencies
-Commitment
of team to project
-Level
and quality of development activity
-Trading
volume and liquidity
-Stability
and safety of network from attacks
-Network
/ smart contract stability
-Level
of public communication
-Responsiveness
to our periodic due diligence requests
-Evidence
of unethical/fraudulent conduct or negligence
-Contribution
to a healthy and sustainable crypto ecosystem
Previously Huobi and OKX delisted Monero and other privacy coins.
Menero is still available for trading on Kucoin, Gate.io, Kraken and
dYdX.
