- Binance the largest cryptocurrency exchange globally in terms of trading volume has revealed it’s delisting 14 cryptocurrencies from its platform.
- The move, announced in a formal statement last week, has caused immediate market responses.
- It initiated vital discussions on token performance, project transparency, and investor security.
Why Binance Delists ?
According to the official Binance site, The Binance Delists the following tokens on 2025-04-16.
- Badger DAO (BADGER)
- Balancer (BAL)
- Beta Finance (BETA)
- Cream Finance (CREAM)
- Cortex (CTXC)
- Aaelf (ELF)
- Firo (FIRO)
- Kava Lend (HARD)
- NULS (NULS)
- Prosper (PROS)
- Status (SNT)
- TROY (TROY)
- UniLend (UFT)
- VIDT DAO (VIDT)
They say that the Binance delists of the tokens will be done by considering the following criteria’s,
- Vote to Delist results
- Commitment of team to project
- Level and quality of development activity
- Trading volume and liquidity
- Stability and safety of network from attacks
- Level of publc communication, community engagement, and transparency
- Responsiveness to our periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- New regulatory requirements
- Material/unjustified increase in token supply or changes to tokenomics
- Impact from changes to the project’s ownership structure or to the core team members
- Community sentiments
Binance also have released the votes received and the participants list,
- Total votes received: 103,942
- Total participants: 24,141
Binance said, “Community voting results were evaluated after rigorous filtering of ineligible votes and invalid votes”
Binance’s Detailed Verification Process
Binance delists process with Two Step Verifications,
Step 1 – Exclude invalid votes
- Fraudulent activities (e.g. fake accounts, deceptive practices)
- Bulk operations (artificial votes via IP/device farming)
- Exploitative behaviors (tampering with Binance’s code, systems, or APIs)
- Illegal/harmful actions (fraud, scams, or malicious intent campaigns to attract votes)
To sum up,
- Total invalid votes filtered: 10,262
- Remaining authenticated votes: 93,680
Step 2 – Count eligible votes: Users who held 0.01 BNB starting from the voting period.
Methodology 1:
Voters who:
- Participated at any point during the voting window and Maintained a minimum balance of 0.01 BNB throughout the entire voting period.
Methodology 2:
Voters who:
- Participated at any point during the voting window and Maintained a minimum balance of 0.01 BNB in their accounts from the snapshot time until the end of the voting period.
What’s Further In The Future?
Binance Futures closed all positions and conducted an automatic settlement on the contracts of the aforementioned tokens at 2025-04-14 09:00 (UTC). The contracts delisted after the settlement is completed.
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the contracts of the aforementioned tokens without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
Market’s Reaction On Binance Delists
Announcements of the Binance delists prompted steep price falls for many of the impacted cryptocurrencies. A few tokens plummeted by up to double digit percentages within hours of the announcement as investors responded to the abrupt loss of liquidity and trading ease on one of the sector’s largest exchanges.
Some of the less popular altcoins, which were very much dependent on Binance for liquidity and visibility, were also severely impacted.
Market observers observed that although delistings will at times recover by listing on decentralized exchanges or smaller exchanges, loss of support from Binance tends to erode investor confidence.
Major Thought’s On Delisting
This latest Binance delists underscores the fluidity of the cryptocurrency market and the need for diligence in investing in digital coins. While it is a reminder of dangers involved in altcoins, it also emphasizes the increasingly regulatory like standards the major exchanges are starting to implement to protect their users.
As the crypto ecosystem grows more mature, market observers predict additional market consolidations, in which weaker projects are eliminated in favor of projects that show steady value, openness, and innovation.
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