Binance to Delist Monero Privacy Token; XMR Slides

Crypto exchange Binance said it will stop listing the Monero (XMR) privacy token as of Feb. 20.

Monero, as well as the three other tokens to be delisted – Aragon (ANT), Multichain (MULTI) and Vai (VAI) – no longer meet the standards Binance expects, the exchange said in blog post.

“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.

Withdrawals of the token will not be supported after May 20.

Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks, making it difficult to determine who sent what to whom. As such, they are not popular with regulators and law enforcement.

Crypto exchange OKX announced a similar delisting of XMR and other privacy-focused tokens including dash (DASH) and ZCash {{ZCH}} at the end of last year.

UPDATE (Feb. 06, 12:32 UTC): Adds details on the other tokens delisted, quote from the announcement and background/context about privacy tokens.