- Binance is delisting AERGO, AST, BURGER, COMBO, and LINA because of inadequate trading volume, liquidity issues, and regulatory matters.
- Trading is suspended on March 28, 2025, with margin trading, futures, and withdrawals having different timelines before complete delist.
- Delisting caused the prices of the delisted tokens to plummet, leaving traders worried about market stability.
Binance has confirmed the delisting of five cryptocurrencies from its platform following a routine review of their performance and compliance with industry standards.
The impacted tokens are Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA).
The exchange cited reasons such as low trading volumes, liquidity issues, security concerns, and regulatory compliance challenges. Binance explained that it regularly evaluates tokens to ensure they align with its listing standards and maintain a secure trading environment.
Trading for these tokens will be halted on March 28, 2025, at 03:00 UTC, and users are advised to manage their positions before the cut-off date. Positions in Binance Futures for AERGO, COMBO, and LINA will be automatically closed and settled on March 27 at 09:00 UTC.
Margin trading for these tokens will be disabled on March 26 at 06:00 UTC, and deposits will no longer be accepted after March 29. Withdrawals will remain available until May 27.
Additionally, Binance has introduced a “Vote to Delist” feature, allowing users to participate in future delisting decisions, although the tokens listed in this announcement will not be included.
Delisting Trader Response
The delisting news has significantly impacted the prices of these cryptocurrencies. AERGO fell by over 6% to $0.06845, while its trading volume increased by 43% to $30.46 million. AST suffered a more significant drop of 28%, falling to $0.03375, with its daily trading volume rising by 88% to $5.25 million.
BURGER experienced the sharpest decline, declining 48% to $0.1127. COMBO and LINA also saw considerable price drops of approximately 20% and 32%, respectively. The market’s reaction highlights investor concerns and the influence major exchanges like Binance have on token valuations.
Investor Response
This move by Binance serves as a warning to traders, as major exchanges play a critical role in determining asset prices. Tokens tend to gain value when backed by Binance, but a delisting can lead to panic selling and significant price declines. The removal of these tokens suggests a possible loss of market interest, leading investors to reassess their positions.
The steep drop in prices indicates uncertainty regarding the future of these projects, making it crucial for traders to stay informed about listing updates and make strategic decisions accordingly.
Binance continues to refine its listing policies to provide a safe and efficient trading environment. The exchange reiterated that only assets meeting its increasingly strict standards will remain available for trading. Investors are urged to monitor listing and delisting changes closely and take appropriate actions before the specified deadlines to safeguard their holdings.
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