Binance, the cryptocurrency exchange, has declared the removal of the Tornado Cash token, resulting in a significant drop in its price.
At the time of publication, the Tornado Cash price has experienced a 50.76% decrease compared to its value just 24 hours prior.
Steep Decline in Tornado’s Price
Binance recently stated that crypto tokens undergo regular reviews to ensure compliance with standards. Although the specific reason for Tornado Cash’s removal was not provided, it was mentioned among several tokens that were delisted.
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”
Read more: Top 8 Tornado Cash Alternatives
The four tokens that were listed were BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), Waltonchain (WTC).
At the time of publication, Tornado Cash price is $1.81.
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Author: Ciaran Lyons
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