Binance is delisting Monero (XMR)  due to failing to meet platform standards, causing a sharp drop in XMR’s price.
Monero’s delisting is because it can’t comply with Binance’s new deposit requirement for transparent addresses, leading to community criticism and concerns.
In a recent announcement, Binance, one of the leading cryptocurrency exchanges, announced the delisting of Monero (XMR) along with three other notable tokens. The decision comes as part of Binance’s routine review process to ensure compliance with regulatory standards and maintain the integrity of its platform. In addition, Binance has declared the delisting of Aragon (ANT), Vai (VAI), and Multichain (MULTI), in addition to Monero. As a result, Binance will no longer trade some pairs, including XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT.
Following Binance’s announcement, Monero (XMR) witnessed a sharp decline in its price. Within 30 minutes of the news breaking, the token’s value dropped from $165 to $148,

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