Cryptocurrency Q&A
Why is Monero not on Binance?
Why is Monero not on Binance?
Alessandra
Wed May 22 2024
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5 answers
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I'm just wondering, why isn't Monero listed on Binance? It's a popular and respected privacy-focused cryptocurrency. Is there a specific reason why Binance hasn't included it in their exchange? Could it be due to regulatory concerns or technical challenges? Or is it simply a matter of Binance's selection criteria? I'm just curious to know what's behind this apparent exclusion. It seems like Monero could be a great addition to Binance's offering, so I'm really puzzled as to why it's not there.
5 answers
Stefano
Fri May 24 2024
The decision by Binance to delist Monero was ostensibly attributed to the cryptocurrency's failure to meet its listing criteria. This explanation, however, masks a deeper issue at play within the cryptocurrency ecosystem.
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Elena
Fri May 24 2024
Beneath the surface, many observers believe that the true driving force behind the delisting is the escalating regulatory pressure on cryptocurrency exchanges. This pressure, which has been steadily building in recent years, is now having a significant impact on the operations of these exchanges.
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Martina
Fri May 24 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet storage. These services cater to the diverse needs of cryptocurrency investors, providing them with a comprehensive platform for trading and managing their digital assets.
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GangnamGlamour
Fri May 24 2024
Despite the regulatory challenges, BTCC remains committed to providing its users with secure and reliable access to the cryptocurrency market. Its robust infrastructure and strict security measures ensure that users' funds are safeguarded at all times.
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CryptoWizardry
Thu May 23 2024
The delisting of Monero by Binance, while significant in itself, is also a reflection of the broader trend of increasing regulation in the cryptocurrency industry. As governments and regulatory bodies worldwide continue to scrutinize and tighten their grip on digital assets, exchanges are forced to adapt and comply with these new rules.
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