Key Insights
- Binance announced it is delisting 14 Altcoins following a comprehensive evaluation of the tokens.
- The Tokens evaluated using the Vote to Delist standard fell short of the requirements, so they were delisted from the Exchange.
- The Delisting process would take effect from 2025–04–16 03:00 (UTC)
Binance, the largest crypto exchange in the industry, announced delisting 14 Altcoins following a thorough evaluation of the tokens on some key metrics.
The Crypto Exchange powerhouse announced the delisting on its official website, citing that the tokens were evaluated based on the Vote to Delist standards and were found wanting.
“ Following the Vote to Delist results and completion of the standard delisting due diligence process, Binance will delist BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT on 2025–04–16.
The tokens were selected for delisting based on a comprehensive evaluation of multiple factors.” Binance Stated.
The delisting of the 14 altcoins sent them downward, with significant price value shedding moments after the announcement. Given the size of the exchange’s reach and influence in the industry, Binance’s delisting of a token is like a death blow to any crypto project.
Vote to Delist Criteria
Binance uses specific criteria when deciding whether to delist a token from its platform. This criterion, called “Vote to Delist,” evaluates a token based on several metrics. According to the exchange’s announcement, the metrics are as follows.
- 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 public 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 the core team members
- Community sentiments
Binance additionally pointed out that the delisting schedule might or might not apply to the products listed below, depending on their association with the delisted tokens. The announcement further included how the delisting of the tokens would affect its Spot, Futures, and Account Status on Binance.
Binance remains the largest crypto exchange in terms of market share and trading volume. The exchange generated a whopping $16.8 billion in revenue in 2023, reaching a $100 trillion trading volume in 2024. Binance was founded by Changpeng Zhao in 2017 and is now run by Richard Teng.
CZ stepped down as CEO following legal troubles with the US. Changpeng Zhao still owns 90% of the exchange despite no longer being a member of its top management.
