The premier privacy-centric cryptocurrency, Monero, saw a significant drop of 32% in value recently following an announcement from Binance.

The global cryptocurrency exchange disclosed plans to delist monero, citing the coin's failure to meet its listing criteria.

The removal, scheduled for February 20, 2024, also includes three other cryptocurrencies, highlighting the ongoing compliance and regulatory challenges facing digital assets in the financial ecosystem.

This move by Binance underscores the importance of regulatory compliance for cryptocurrencies wishing to maintain their presence on major trading platforms.