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Binance Faces Community Backlash After Controversial Monero Delisting

Twitter icon  •  Published il y a 2 mois  •  Nikolas Sargeant

Binance's decision to delist Monero (XMR) triggers price drop and criticism amid claims of succumbing to regulatory pressure.

In a surprising move, major crypto exchange Binance delists Monero (XMR), causing a significant price drop in trading volume. Critics argue that Binance is yielding to regulatory pressure.

Amid backlash on Crypto Twitter, Monero reassures users about privacy. Binance's requirement for transparent addresses leads to the delisting of Monero, which uses stealth addresses.

Binance's Controversial Approach

Despite customer support's copy/paste responses to concerns, the move sparks rumors of regulatory compliance. Binance's high-level standards face scrutiny after the resignation of Changpeng Zhao in 2023 and a settlement agreement subjecting it to five years of intense regulatory monitoring.

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.