YEREVAN (CoinChapter.com) — Binance will delist 14 tokens from its platform on April 16, based on its first “vote to delist” process and internal checks. On April 8, the exchange confirmed that the community participated by nominating projects with weak performance or low transparency. The move comes as Binance tightens its listing standards to reflect updated policies.
The tokens include Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXF), Aaelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT) and VIDT DAO (VIDT). These tokens will be removed from all trading pairs on the specified date.
According to Binance, the delisting followed a detailed review of multiple criteria. These included the team’s commitment, development activity, liquidity, network stability, trading volume, and regulatory compliance. Binance also considered how responsive the project teams were to its due diligence requests.
Delisting Follows Strict Review Process
The Binance delisting came after a mix of community feedback and internal investigation. This is the first time Binance has used a public vote to delist process. Community members could flag underperforming or inactive tokens through the platform.
Besides community votes, Binance looked at whether project teams maintained updates, handled technical issues, and met changing legal standards. A lack of response or inactivity triggered more concern during the review.
No additional public response has been shared by the teams behind the delisted crypto tokens. Binance has not yet confirmed if future delistings will always include community votes.
Binance changed its listing requirements over the past year. In March 2024, it extended its token cliff period to a minimum of one year, according to Bloomberg. This rule limits token sales shortly after listings, allowing time for proper project evaluation.
The new delisting reflects Binance’s attempt to keep listed tokens within compliance. These changes respond to tighter global crypto rules and regulatory expectations.
Binance said the review was consistent across all 14 tokens. Factors like low trading activity, liquidity issues, and incomplete documentation influenced the decision. The announcement did not specify individual token failures but noted that the evaluation covered all the listed parameters.
Binance Delisting Mirrors Industry-Wide Trend
Other exchanges also updated their listing standards. In October 2023, Bitget adjusted its rules to include checks on fully diluted valuations, investor lock-ups, and business plans.
In South Korea, local exchanges introduced limits on crypto projects that had not been traded domestically for at least two years. The new law blocks short-term or unclear projects from appearing on local markets.
As token supply increases, platforms like Binance apply stronger screening to manage risks and meet compliance rules. Exchanges now face growing pressure to only list assets with clear utility and active development.
Analyst Ali Martinez noted that there are now over 36.4 million altcoins, a sharp increase from earlier market cycles. In 2017–2018, there were about 3,000 altcoins, and during 2013–2014, fewer than 500. The data shows that token creation has accelerated across the sector.
According to Martinez, the oversupply may have impacted investor focus. Platforms like CoinMarketCap currently track 13.24 million cryptocurrencies, though the real number is likely higher.
Many tokens in circulation show limited activity or no updates from their developers. These coins often have unclear roadmaps and little to no user engagement.
Holders of the delisted crypto tokens should manage their positions ahead of the April 16 deadline. Binance usually allows withdrawals for a limited time after trading ends. However, exact details have not been provided as of April 8.
