Binance has announced the delisting of 14 tokens from its platform, triggering a sharp market reaction and widespread concern among traders. The announcement was made early Tuesday during trading hours and is part of Binance’s updated token evaluation and community involvement process.
The tokens affected are BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. Binance confirmed that these tokens will be removed from the exchange on April 16, 2025, at 03:00 UTC.
The delisting follows the results of the exchange’s latest “Vote to Delist” community round, which saw over 103,000 votes submitted by more than 24,000 users. Binance stated that all votes were reviewed for validity before making final decisions.
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Besides the voting outcome, Binance evaluated other criteria before confirming the delistings. These included the projects’ responsiveness, development activity, trading volume, security standards, regulatory compliance, and overall community sentiment.
The delisting has already caused major price drops across the affected tokens, with many seeing losses in double digits. The market reaction was immediate, reflecting the uncertainty that often follows delisting announcements.
Users Raise Concerns Over Binance’s New Voting Model
Community members have raised concerns over potential flaws in Binance’s voting-based delisting system. Several critics argue that the process can be influenced by organized campaigns or vote manipulation by well-funded projects.
There is also concern that lesser-known but promising tokens may be unfairly removed due to a lack of visibility or low participation in the voting process. Some believe the new system shifts responsibility from the platform to its users, which may dilute Binance’s accountability in key decisions.
Despite the backlash, Binance insists that the mechanism aims to increase transparency and user involvement in maintaining listing quality. However, the exchange noted that tokens not selected for delisting in this round could still be removed in the future if they no longer meet its requirements.
Binance will also halt Trading Bots support for the delisted tokens on April 16 at the time of delisting. After this point, token prices will no longer appear in user accounts, and new deposits for these tokens will not be credited.
Withdrawals will remain open until June 9, 2025. Starting June 10, Binance may convert remaining holdings of delisted tokens into stablecoins, but users will be notified beforehand if that process takes place.
Conclusion
Binance’s decision to delist 14 tokens has ignited fresh debate about the fairness and risks of user-driven voting in token governance. While the platform seeks to improve transparency, the impact on affected projects and their holders has been significant.
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