MobileCoin’s Commitment to Users

Today, Binance published its intent to delist MobileCoin’s $MOB token from its exchange on April 4, 2024. Binance has yet to provide a specific reason for the delisting.

However, we believe that it is a ramification of Binance’s settlement with the Department of Justice in November 2023, where they agreed to undertake compliance enhancements and remediation. The fallout was swift as a result. A number of privacy coins were quickly delisted, and any remaining privacy coins, such as MOB, were unfairly targeted.

Despite our commitment to collaborating with Binance on a proposal that met their needs while also maintaining our core value of privacy for MobileCoin users, they chose to disregard it.

MobileCoin was designed to be used, offering a fast, private, and user-friendly cryptocurrency. We have built best in class compliance technology, as we recognize that data protection is a requirement for financial systems.

This experience has imparted valuable lessons, reinforcing our steadfast commitment to putting our users first. Our unmatched team of engineers and leaders, despite the outcome, continue to champion our mission to improve the global financial ecosystem, making payments technology quicker, safer, more cost-effective, and equitable for everyone.

While it is unfortunate that we will no longer be able to serve Binance users, $MOB is here to stay and dedicated to nurturing a future that upholds user privacy while satisfying regulatory requirements. MOB can still be traded on alternative platforms such as BigONE and Gate.io, in addition to the full list here.

In the meantime, MobileCoin is unwavering in its commitment to user security and thanks our community for its trust and support. For payments, privacy is a must, and our current and future partners understand this deeply and are innovating with us to deliver the essential infrastructure needed for secure payments.