Binance Announces Delisting of 14 Tokens After First ‘Vote to Delist’ Round
- Binance will delist 14 tokens, including BADGER, BAL, and CREAM, on April 16, 2025, at 03:00 UTC.
- The delisting follows Binance’s “Vote to Delist” initiative, where over 93,680 validated votes were cast by 24,141 users.
Binance, the world’s leading cryptocurrency exchange is shaking things up with a new community-driven approach and it’s already making waves. According to the announcement made on April 8 that it will delist 14 tokens from its platform on April 16, 2025, following the first round of its “Vote to Delist” initiative. The tokens set for removal are BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.
This decision was driven by user votes and internal evaluations and has sparked intense reactions across the crypto space. The “Vote to Delist” initiative allowed Binance users to participate directly in deciding which tokens should remain listed. Over 103,000 votes were cast by more than 24,141 participants with approximately 93,680 votes validated after filtering out ineligible votes. Also, to be eligible, users needed to hold at least 0.01 Binance Coin (BNB).
Binance Tightens Listing Standards With New Community Vote System
Binance stated that the delisting decisions were based on both community votes and internal reviews, considering factors such as changes in the project’s core team, commitment levels, trading volume, development progress, security, community feedback, regulatory compliance, and any signs of unethical behavior.
However, the first batch delist announcement led to immediate market reactions with all 14 tokens experiencing significant price drops as traders moved swiftly to adjust their positions.
On April 16, 2025, 03:00 UTC, all trading pairs for the delisted tokens will be removed. Post-removal, deposits of the delisted tokens will no longer be credited to user accounts. Still, until June 9, 2025 withdrawals of the delisted tokens will remain available. Starting June 10, 2025, Binance may convert any remaining balances of the delisted tokens into stablecoins on behalf of users, though this is not guaranteed.
This move follows Binance’s recent delisting of Tether (USDT) spot trading pairs in the European Economic Area to comply with the newly enacted Markets in Crypto-Assets (MiCA) regulations, highlighting the exchange’s ongoing efforts to adhere to evolving regulatory standards.
The “Vote to Delist” initiative underscores Binance’s commitment to involving its community in platform decisions, though it also raises questions about the potential volatility and uncertainty such democratic processes may introduce to the crypto market.
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Binance Announces Delisting of 14 Tokens After First ‘Vote to Delist’ Round
- Binance will delist 14 tokens, including BADGER, BAL, and CREAM, on April 16, 2025, at 03:00 UTC.
- The delisting follows Binance’s “Vote to Delist” initiative, where over 93,680 validated votes were cast by 24,141 users.
Binance, the world’s leading cryptocurrency exchange is shaking things up with a new community-driven approach and it’s already making waves. According to the announcement made on April 8 that it will delist 14 tokens from its platform on April 16, 2025, following the first round of its “Vote to Delist” initiative. The tokens set for removal are BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.
This decision was driven by user votes and internal evaluations and has sparked intense reactions across the crypto space. The “Vote to Delist” initiative allowed Binance users to participate directly in deciding which tokens should remain listed. Over 103,000 votes were cast by more than 24,141 participants with approximately 93,680 votes validated after filtering out ineligible votes. Also, to be eligible, users needed to hold at least 0.01 Binance Coin (BNB).
Binance Tightens Listing Standards With New Community Vote System
Binance stated that the delisting decisions were based on both community votes and internal reviews, considering factors such as changes in the project’s core team, commitment levels, trading volume, development progress, security, community feedback, regulatory compliance, and any signs of unethical behavior.
However, the first batch delist announcement led to immediate market reactions with all 14 tokens experiencing significant price drops as traders moved swiftly to adjust their positions.
On April 16, 2025, 03:00 UTC, all trading pairs for the delisted tokens will be removed. Post-removal, deposits of the delisted tokens will no longer be credited to user accounts. Still, until June 9, 2025 withdrawals of the delisted tokens will remain available. Starting June 10, 2025, Binance may convert any remaining balances of the delisted tokens into stablecoins on behalf of users, though this is not guaranteed.
This move follows Binance’s recent delisting of Tether (USDT) spot trading pairs in the European Economic Area to comply with the newly enacted Markets in Crypto-Assets (MiCA) regulations, highlighting the exchange’s ongoing efforts to adhere to evolving regulatory standards.
The “Vote to Delist” initiative underscores Binance’s commitment to involving its community in platform decisions, though it also raises questions about the potential volatility and uncertainty such democratic processes may introduce to the crypto market.
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SBI Holdings Inc. Weighs Reducing Its Stake in B2C2 Crypto Unit
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