Monero Falls 15% After Binance Says it is Delisting the Token

Effective February 20 at 3:00 UTC, Binance will delist Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from its list of tradable instruments.

The price of Monero has already decreased by 15% within three hours of the announcement, while MultiChain has seen a decline of 23% according to CoinGecko.

However, Aragon’s price has returned to its original levels and is now up 0.2%, while Vai shares are down 0.4%.

Starting from February 20 at 3:00 UTC, users will no longer be able to deposit or withdraw these assets on the platform. The Binance team has also warned that tokens may not be convertible to stablecoins in the future.

The affected trading pairs include XMR/BNB, XMR/BTC, XMR/ETH, XMR/USDT, ANT/BTC, ANT/USDT, MULTI/USDT, and USDT/VAI.

Accordingly, the composition of Binance Simple Earn, Binance Auto-Invest, Binance Loans, VIP Loan, Binance Gift Card, Binance Pay programs, as well as the trading bot service, will be