{"id":26021,"date":"2024-02-06T13:22:19","date_gmt":"2024-02-06T13:22:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/monero-xmr-dips-after-binance-announced-delisting\/"},"modified":"2024-02-06T13:22:19","modified_gmt":"2024-02-06T13:22:19","slug":"monero-xmr-dips-after-binance-announced-delisting","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/monero-xmr-dips-after-binance-announced-delisting\/","title":{"rendered":"Monero (XMR) dips after Binance announced delisting"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1642865801050-62da6e2e-d891-438e-bd90-59c62c4ddb73-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1642865801050-62da6e2e-d891-438e-bd90-59c62c4ddb73-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1642865801050-62da6e2e-d891-438e-bd90-59c62c4ddb73-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/01\/1642865801050-62da6e2e-d891-438e-bd90-59c62c4ddb73-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Binance delists Monero (XMR) along with other assets, causing a 19% price drop.<\/li>\n<li>Monero\u2019s delisting reflects regulatory pressure on privacy coins in the crypto market.<\/li>\n<li>Monero withdrawals from Binance will be supported until May 20.<\/li>\n<\/ul>\n<p>Monero (XMR), one of the leading privacy-focused cryptocurrencies, is experiencing a significant drop in its price following a delisting announcement from <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, the world\u2019s largest cryptocurrency exchange.<\/p>\n<p>Binance revealed its decision to delist Monero along with several other assets, including Aragon (ANT), Multichain (MULTI), and Vai (VAI), effective February 20.<\/p>\n<h2>Monero price post Binance delisting\u00a0<\/h2>\n<p>Binance\u2019s decision to delist Monero (XMR) comes as part of its ongoing efforts to uphold compliance standards and ensure the safety and integrity of its platform. The exchange cited various reasons for the delisting, including considerations such as trading volume, liquidity, stability, safety, public communication, and evidence of unethical or fraudulent conduct.<\/p>\n<p>At press time, <a href=\"https:\/\/coinjournal.net\/monero\/\">Monero\u2019s price<\/a> had dropped by more than 19% in response to the news, trading at $134.24.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 615px\"><span class=\"fr-img-wrap\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2024\/01\/06\/1707223589662-ef2658dd-73e9-492e-9932-4cc2e828214f.png\" class=\"fr-fic fr-dib\" width=\"615\" height=\"381\"\/><span class=\"fr-inner\" style=\"background: transparent;position: relative\"><em>Monero price chart<\/em><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">\u00a0<\/p>\n<\/div>\n<p>This swift decline underscores the immediate impact of exchange decisions on cryptocurrency prices and investor sentiment.<\/p>\n<h2>Implications of the delisting<\/h2>\n<p>The delisting of Monero from Binance marks a significant development in the cryptocurrency landscape, particularly for privacy-focused digital assets. Monero, known for its robust privacy features that obscure transaction details, has often faced regulatory scrutiny due to concerns about its potential use in illicit activities.<\/p>\n<p>Binance\u2019s move to remove Monero from its platform reflects a broader trend of regulatory pressure on privacy coins. By discontinuing support for Monero trading and withdrawals, Binance aims to mitigate regulatory risks and enhance compliance efforts, aligning with evolving industry standards.<\/p>\n<p>Investors and users of Monero will need to adjust their strategies accordingly in response to Binance\u2019s delisting decision. While withdrawals of Monero will be supported until May 20, users may consider alternative platforms or wallets for trading and storing their XMR holdings.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/monero-xmr-dips-after-binance-announced-delisting\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance delists Monero (XMR) along with other assets, causing a 19% price drop. Monero\u2019s delisting reflects regulatory pressure on privacy coins in the crypto market. Monero withdrawals from Binance will be supported until May 20. Monero (XMR), one of the leading privacy-focused cryptocurrencies, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":26022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26021"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26021"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26022"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}