CryptoBinance Delisting Token: The Most Dangerous Coin in Crypto?

Binance Delisting Token: The Most Dangerous Coin in Crypto?

-


Binance, the number one crypto exchange in the world, just kicked off round two of its Binance Delisting campaign.

Seventeen tokens are on the chopping block, each marked with the dreaded “Monitoring” label. This experiment in crowd-powered accountability aims to tighten the screws on transparency and shake up how listing decisions are made.

(BNBUSDT)

Binance Delisting: The Tokens Under Review

The newly announced Vote to Delist round scrutinizes 17 tokens, including FTT, JASMY, ZEC, VOXEL, GPS, and WING.

Voting occurred on April 10; we’ll know what else is being delisted this week.  Binance has clarified that voting is open only to verified account holders with a minimum of 0.01 BNB during the voting period.

Each user can vote for up to five tokens, but Binance emphasized that “community feedback will not be the only deciding factor in the final decision.” Instead, the exchange will also evaluate metrics such as trading volume, liquidity, team commitment, development activity, and compliance with regulatory requirements.

Why Binance Delisting Is Tightening Its Listing Standards

The Vote to Delist campaign arrives amid Binance’s broader push toward stricter listing requirements. Over the past year, the exchange has ramped up efforts to ensure tokens listed on its platform meet higher transparency, development, and user protection standards.

For instance, in its first Vote to Delist round earlier this month, 14 underperforming tokens—including BAL, CREAM, and SNT—were removed. Binance cited slow development, low trading activity, and compliance issues as key reasons for these decisions.

(X)

There were fewer than 3,000 during the 2017-2018 surge. With more than 36.4 million altcoins in circulation, the market is bursting at the seams, and Binance is trying to rein it in.

How Users Can Vote on Binance Delistings

Binance reserves the voting process for those with verified accounts and just enough BNB to weed out spam. The results aren’t final, but they affect the decisions of who stays and who gets the boot.

For tokens under the microscope, this is a wake-up call. Prove value, boost metrics, or vanish from the platform. For exchanges, this trend signals a prioritization of quality control over quantity, tightening the screws on a fast-and-loose ecosystem.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Key Takeaways

  • Seventeen tokens are on the chopping block, each marked with the dreaded “Monitoring” label. This experiment in crowd-powered accountability aims to tighten markets.
  • Binance keeps the reins tight on its vote, reserving the process for those with verified accounts and just enough BNB to weed out spam.

The post Binance Delisting Token: The Most Dangerous Coin in Crypto? appeared first on 99Bitcoins.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

PROMPT Crypto Token About To Be Listed On Binance And Bybit?

Prompt launched its TGE just four days ago and was immediately listed across all major crypto exchanges. It’s...

If SWIFT Joins Ripple This Week, XRP Price Could Skyrocket—Here’s How High

A renowned influencer has hinted that April 16 could be the end of Ripple’s (XRP) multi-year legal battle...

Tether to Use Ocean for Decentralized Bitcoin Mining

Ocean is a decentralized bitcoin mining pool launched by longtime Bitcoin Core developer Luke Dashjr in 2023 and...

Advertisement

SEC Delays Decision on Staking in Spot Ethereum ETFs

On April 14, the Securities and Exchange Commission delayed its decision on staking for the Grayscale Ethereum Trust...

Standard Chartered Predicts XRP Will Surge 500% and Overtake Ethereum

Standard Chartered also outlined interim price targets of $5.50 by 2025 and $8.00 by 2026, driven by factors...

Must read

PROMPT Crypto Token About To Be Listed On Binance And Bybit?

Prompt launched its TGE just four days ago...

If SWIFT Joins Ripple This Week, XRP Price Could Skyrocket—Here’s How High

A renowned influencer has hinted that April 16...

You might also likeRELATED
Recommended to you