Feb 20, 2024

Monero (XMR) slumped to an all-time low of 1.8 million after crypto exchange Binance said it will stop listing the privacy token as of Feb. 20. Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks, making it difficult to determine who sent what to whom.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. It's time now to take a look at the chart of the day. The largest privacy token by market cap Moro's liquidity as measured by 1% market depth fell to an all time low of 1.8 million earlier this month after Binance announced it would delist the token in February, the crypto exchange will stop listing the token along with Aragon multi chain and V as of February 20th. In a blog post, the exchange said the tokens no longer meet the standards that B expects privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks, making it difficult to determine who sent what to whom as such. They are not popular with law enforcement and regulators. That's rap for today's chart of the day. I'm Jen Sei and we'll see you next time to pack more of the data behind top news stories.

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