The cryptocurrency community is abuzz with speculation over the upcoming delisting of Monero (XMR), a key privacy-focused digital currency, by Binance.

Monero's value has taken a nosedive, hitting a multi-month low, in the wake of Binance's announcement to eliminate the coin from its trading options starting February 20, 2024. Binance plans to not only remove Monero but also other cryptocurrencies including Aragon (ANT), Multichain (MULTI), and Vai (VAI).

This decision underscores the sweeping changes the exchange aims to implement in its operational framework.

The delisting announcement, made on February 6, signifies a significant shift, affecting the availability of Monero across several major trading pairings, from Bitcoin (BTC) and Ether (ETH) to Tether (USDT) and Binance Coin (BNB).