The native token of the cryptomixer Tornado Cash (TORN) fell by 53% - from $3.93 to $1.83 - after the announcement of delisting on Binance.
The trading platform will remove TORN from the list of available assets on December 7th. In addition, the exchange will stop supporting BitShares (PTS), PERL.eco (PERL) and Waltonchain (WTC).
All of the above coins also dropped in price by approximately 50%.
“When a token no longer meets [our] standards or the industry changes, we conduct a more in-depth review and potentially delist the asset. We believe this best protects all of our users,” Binance said in a statement.
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