Why did Binance remove XMR?

Could you possibly shed some light on a question that has piqued my interest? Recently, I've noticed that Binance has removed XMR from its platform. Could you elaborate on the reasons behind this decision? Did Binance encounter any regulatory issues or security concerns surrounding XMR? Was it a matter of compliance with certain jurisdictions? Or perhaps, did Binance prioritize other cryptocurrencies over XMR for strategic reasons? I'm curious to understand the rationale behind this move and how it might impact the cryptocurrency ecosystem at large. Thank you for your insights.