- Binance to delist 14 tokens on April 16, 2025, following community vote results.
- Delisted tokens include BADGER, BAL, BETA, CREAM, FIRO, HARD, PROS, SNT, and more.
- The tokens selected for delisting were chosen after a thorough multi-factor evaluation.
Binance, the world’s leading cryptocurrency exchange, has decided to remove 14 tokens from its platform by April 16, 2025, after running a first-ever “Vote to Delist” poll. Delisting decisions have been made against Badger DAO (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXC), aelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT), and VIDT DAO (VIDT).
Binance made this delisting decision based on the findings of its internal review and votes cast by the community members. The metrics that were considered when choosing tokens to delist include insufficient trading volume, a lack of project development, poor liquidity, issues of network stability and security, and other factors.
During their assessment, Binance evaluated token compliance with regulations, transparency measures, and engagement among community members. Despite their lack of market availability, the delisted tokens remain accessible for withdrawal from users until June 16, 2025.
Vote to Delist: Community Influence and Criteria for Delisting
Through its “Vote to Delist” system, Binance gives its community members the authority to select which tokens will be listed on the exchange platform. After inclusion and exclusion evaluations, the voting process received 103,000 votes from 24,141 participants, which yielded 93,680 qualifying votes. Users needed at least 0.01 Binance Coin (BNB) to join the voting process.
The platform chose tokens for removal from its platform through evaluation of developer team involvement, transparency in community communication, and trading activity performance metrics. Binance performed internal compliance reviews of the tokens and assessed their compatibility with regional regulatory requirements during their evaluation process. Binance stated that upcoming delistings would occur when any listed token breaches its requirements for continuous listing.
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Binance Delisting and Its Impact on the Market
The news of these delistings triggered immediate market reactions, with many affected tokens experiencing significant price drops. Prosper (PROS) saw the largest decrease, with a drop of over 35%, followed by Cream Finance (CREAM), which fell nearly 30%. Other tokens like TROY, Beta Finance (BETA), and Kava Lend (HARD) also saw more than 25% declines.
Binance’s recent move has sparked doubts among cryptocurrency users because its platform sustainability function seems to target long-term sustainability. Removing tokens from Binance represents a temporary decision because the exchange may restore tokens once projects achieve restored liquidity and comply with its updated standards.
