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On April 8, cryptocurrency exchange Binance declared that it had completed the first round of voting to delist 14 coins and would do so on April 16. According to Binance's official statement:
Binance plans to delist 14 crypto coins on 2025-04-16 after the Vote to Delist results and the conclusion of the usual delisting verification procedure. These 14 coins are BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.
Binance Completes Initial Delisting Vote
Binance credited the choice to a mix of its personal standards and community voting. The company claims that thousands of users took part in the voting process, which passed several levels of verification, such as removing false votes and participants who were not eligible.
Due to the recent implementation of community-driven methods called "Vote to List" and "Vote to Delist," users can impact token listings and removals on Binance. Through the "Vote to List" campaign, users can vote for the addition of new tokens. On the other hand, users can suggest that failing tokens be removed through the "Vote to Delist" campaign.
Reasons behind the Tokens Selected for Delisting
The exchange claimed to have carried out a thorough investigation, considering factors such as:
- Development activity and commitment to the project
- Volume and liquidity of trading
- Transparency and communication with the public
- Tokenomics integrity and adherence to regulations
- Good behavior and a sense of community
Binance pointed out that delisting decisions are made on several levels, even though the community vote has a lot of weight. Therefore, a token may be delisted even if it received the most votes, and vice versa.
Binance Warns of Potential Delistings
The company cautioned that delisting in the future is still possible even for tokens that made it through the first round. That made clear:
“Even if they weren't chosen for delisting, tokens from the first Vote to Delist batch could still be delisted later if they don't satisfy our listing conditions.”
The cryptocurrency platform is advising users to close open positions, stop trading bot activity, and withdraw impacted assets before important deadlines to get ready for the changes that are coming. In the days before and after April 16, a number of Binance services, including Futures, Margin, Simple Earn, Gift Card, and Pay, will gradually discontinue support for the delisted coins.
Inside the Voting Numbers
Overall, 24,141 people placed 103,942 votes for the "Vote to Delist," but Binance rejected 10,262 of those votes due to fraudulent behavior, bot abuse, or other practices that did not meet BNB holding requirements. After this verification process, 93,680 verified votes were still considered valid.
Binance used two techniques to verify participation:
Method 1: Throughout the entire voting week, voters have to have 0.01 BNB.
Method 2: Until voting ended, the voter had to retain 0.01 BNB from the snapshot.
