One of the biggest crypto exchanges in the industry, Binance, delisted Monero (XMR), a popular privacy-focused coin, triggering a substantial price drop and trading volume right after the announcement.
Shortly after, Monero reassured users that they would never compromise on privacy. The main reason for the delisting is likely that Monero uses stealth addresses, while Binance requires deposits from publicly transparent addresses.
Monero will never compromise on privacy.
You can trade Monero on other exchanges, on DEXs, and with atomic swaps. Please self-custody your XMR. https://t.co/Uba3GwZMRW
— Monero (XMR) (@monero) February 6, 2024
The announcement wasn’t taken lightly, sparking rumors and backlash on Crypto Twitter. Several users, influencers, and even institutions criticized the move or think Binance is knuckling under US regulations. Funny enough, the announcement came a day after Treasury Secretary Janet Yellen called for cryptocurrency regulations, especially for stableco
We współpracy z: https://cryptopotato.com/major-binance-delisting-causes-community-uproar/
