Why did Binance delist Monero?

Could you please shed some light on the reason behind Binance's decision to delist Monero? It's quite surprising given the popularity and widespread use of this cryptocurrency. Could regulatory concerns or compliance issues have played a role? Or was it perhaps due to security vulnerabilities or other technical reasons? I'm keen to understand the rationale behind this move, as it could potentially have a significant impact on the cryptocurrency community. Would you be able to provide some insight into this matter? Thank you.