In a move that underlines its commitment to maintaining high standards, Binance announced that it has delisted four digital assets.
Binance Will Delist ANT, MULTI, VAI, XMR
Aragon (ANT), Multichain (MULTI), Vai (VAI) and Monero (XMR). The decision follows a comprehensive review of each asset that Binance conducts periodically to ensure that all listed assets continue to meet its strict criteria.
Factors Behind the Decision
Binance's decision to delist these assets depends on the team's commitment to the project, the level and quality of development activity, transaction volume and liquidity, stability and security of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, unethical /based on several factors, including evidence of fraudulent conduct or negligence and contribution to a healthy and sustainable crypto ecosystem.
It was noteworthy that Monero (XMR), one of the first altcoins that comes to mind when it comes to privacy coins, was also delisted. It has been on the agenda for a long time to ban privacy coins, on the grounds that they are difficult to track and are often used in money laundering transactions.
The delisting and suspension of all trading pairs for ANT, MULTI, VAI and XMR will take effect at 06:00 on February 20, 2024.
The removed trading pairs are ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH and XMR/USDT. All trading orders will be automatically removed after trading ends on each respective trading pair.
Deposits of these tokens after 06:00 on February 21, 2024 will not be reflected in users' accounts. Withdrawal of these tokens from Binance will not be supported after 06:00 on May 20, 2024.
Delisted tokens can be converted into stablecoins on behalf of users after 06:00 on May 21, 2024.
However, conversion of delisted tokens into stablecoins is not guaranteed. Where appropriate, a separate notification will be made before the conversion and stablecoins will be deposited into users' Binance accounts after the conversion.
*This is not investment advice.