Binance to convert Monero, Bitcoin Gold to USDC, delist Loom Network
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: crypto
Updated: Aug 12 2024Token Conversion and Delisting: Binance will convert 15 tokens, including Monero and Bitcoin Gold, into USDC stablecoin based on user holdings, while also delisting six tokens starting Aug. 26 due to various factors like trading volume and regulatory compliance.
Market Impact: Following the announcements, affected tokens experienced significant price drops, with LOOM declining over 12% and VGX losing more than 25%, reflecting market reactions to Binance's strategic adjustments.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
