May 26, 2024
Binance delists ANT, MULTI, VAI, XMR on Feb 20
Altcoins News

Binance delists ANT, MULTI, VAI, XMR on Feb 20

Per the announcement from the crypto exchange on February 6th, Binance will cease trading of Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) on February 20th.

The exchange stated, “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.”

Binance’s notice indicates that as of February 20th, trading pairs ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT will no longer be available. Moreover, all open trading orders will be automatically canceled after trading halts for each respective pair.

At present, the reaction from VAI and ANT to Binance’s delisting announcement appears minimal. However, shortly following the announcement, MULTI and XMR experienced significant declines.

According to CoinmarketCap, MULTI’s value plummeted by over 27% in the past 24 hours, reaching $1.54, accompanied by a similar decrease in market capitalization to $22 million. Nonetheless, trading volumes surged by almost 190%, hinting at potential token transfers or position liquidations by traders.

XMR also witnessed a notable downturn, with a 17% decrease in value, currently trading at $137.77. Trading volumes spiked by nearly 77% to $102 million.

In a similar vein, last December, OKX announced the delisting of Monero and ZCash due to their failure to meet the platform’s stringent criteria. Starting December 27, 2023, the exchange ceased deposits in FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN tokens. Users have until March 5, 2024, to withdraw these cryptocurrencies.

Image by Freepik

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