Binance will delist 14 tokens at once
By The Binance cryptocurrency exchange has decided to delist 14 tokens from its platform simultaneously. Starting next week, Binance will delist 14 crypto tokens, marking the first-ever «vote for exclusion from listing» in the history of the exchange.
Starting on April 16th, Binance will stop trading in 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 do not meet several key requirements for exchange, including:
- the demonstration of commitment by the development team;
- active project engagement;
- sufficient trading volume;
- adequate liquidity;
- robust network stability;
- timely responses to Binance inquiries.
Over the past year, cryptocurrency exchanges have significantly raised the bar for token listings. In March 2024, Binance extended the «waiting period», prohibiting the sale of listed assets for at least one year.
Binance is not the only exchange tightening its token listing criteria. Bitget also announced in October 2024 that it would prioritize comprehensive assessment, investment lock-up periods and detailed business plans from projects for new listings.
