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**Binance Delisting Monero Along with Other Assets**

Binance, a prominent cryptocurrency exchange, has announced its plans to delist privacy coin Monero (XMR) as well as a few other assets on February 20, according to a recent blog post. This move has caused a significant drop in the XMR price, leading to a 17% decrease. Currently, XMR is trading for $138.00, with a market capitalization of $2.6 billion, making it the most substantial asset among those being removed from the exchange.

In addition to Monero, the other coins being delisted include Aragon (ANT), Multichain (MULTI), and Vai (VAI). Aragon offers a code-free DAO creation and management platform, while Vai is the native token of the Venus Protocol. Multichain, on the other hand, assists users in bridging assets and NFTs across multiple blockchains. Notably, Multichain made headlines last year due to the sudden disappearance of $126 million worth of funds, leading to suspicions of an inside job.

With various reasons cited for the delisting of these tokens, there seems to be no single theme connecting them. Binance outlined several factors, including trading volume and liquidity, stability and safety, public communication, and evidence of unethical or fraudulent conduct, as the basis for the decision. The exchange emphasized that it aims to best protect its users by conducting more in-depth reviews of tokens that no longer meet these standards or when industry changes occur.

Furthermore, Binance warned its users that any deposits made after the February 20 delisting will not be credited to their accounts. However, withdrawals of the affected tokens will be supported until May 20. This announcement comes after Binance previously mentioned its review of several assets, including Monero, Zcash, and Horizen in early January.

The AI legalese decoder can help users navigate the legal implications and understand the terms of delisting of various assets on Binance. With its abilities to interpret and simplify complex legal jargon, the AI legalese decoder can provide valuable insights into the legal aspects of cryptocurrency transactions, including delisting and withdrawal policies. Users can rely on this tool to stay informed and make well-informed decisions in the rapidly evolving world of cryptocurrency.

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