Binance to Delist 14 Tokens After First Community Vote
Binance announced it has finalized its inaugural “Vote to Delist” process, targeting 14 tokens to be delisted from its platform effective April 16, 2025, at 03:00 UTC.
The decision brings a mix of community voting and internal review, bringing balance between a user-driven governance within the exchange’s operations.
Tokens Targeted and Binance Delisting Schedule
The 14 tokens set for delisting are Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXC), Aelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT), and VIDT DAO (VIDT).
Binance Vote-to-Delist results (Source: X)
All trading spot pairs for these tokens will close on April 16, 2025, at 03:00 UTC. Post-delisting, deposits will no longer be allowed, though withdrawals will remain available until June 9, 2025, at 03:00 UTC.
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Additional services, including Margin and Futures trading, Mining Pool functionality, and Binance Pay support, will cease for these tokens by April 14, 2025. Binance will also discontinue its Convert Low-Value Assets Spot Copy Trading feature for these assets.
The delisting is part of the exchange’s ongoing efforts to refine its token offerings following stricter regulatory and operational standards.
The decision follows a voting process that recorded over 103,000 votes from more than 24,000 users, with approximately 93,000 votes validated after filtering out ineligible voters. To be eligible to vote, users are required to hold at least 0.01 BNB, ensuring participation from active members.
Voting Results and Evaluation Framework
Binance’s “Vote to Delist” program, launched to give power to its user base in token management, produced clear outcomes.
TROY topped the list with 4,985 votes for removal, followed by Status (SNT) with 3,533 votes. FTX Token (FTT) received over 10,000 votes but was spared from delisting, showing Binance’s ultimate authority over delisting decisions.
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Beyond community input, the exchange assessed tokens on the basis of development activity, trading volume, liquidity, network security, and compliance with regulatory requirements.
This dual approach is part of Binance’s growing listing policies, which now impose a one-year waiting period for new tokens before they can be traded on its platform.
The delisting of these 14 tokens, many of which have experienced very high price drops since the announcement, is in line with industry trends as exchanges like Bitget and South Korean exchanges also delist underperforming assets under regulatory pressure.
Market Fallout Looms as Deadline Nears
The removal of these tokens is expected to further decrease their liquidity and market presence as well as visibility, potentially prompting users to shift to alternative exchanges or assets.
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The exchange’s hybrid model—combining community governance with centralized oversight—could influence how other platforms balance user participation and operational integrity.
