Binance, the largest crypto exchange by trading volume metrics, decided to delist 14 altcoins, sending the affected tokens to a free fall.

The platform recently adopted a mechanism to involve its community in the listing and delisting processes.

Binance To Delist 14 Altcoins

The exchange revealed the decision on Tuesday, during the early hours of the Asian session. It would delist and cease trading on all spot trading pairs for the named tokens starting April 16 at 03:00 (UTC).

“Following the Vote to Delist results and completion of the standard delisting due diligence process, Binance will delist BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT and VIDT on 2025-04-16,” read the announcement.

The selection of these 14 tokens was reportedly based on a comprehensive evaluation of multiple factors. Among them are the level and quality of the development activity, trading volume, and liquidity.

In line with its recent decision to involve the community in its listing and delisting plans, the Binance exchange also held a vote. Reportedly, while it received 103,942 votes from 24,141 participants, only 93,680 proved valid.

“Community voting results were evaluated after rigorous filtering of ineligible votes and invalid votes,” the exchange articulated.

In the immediate aftermath of the delisting announcement, the 14 tokens fell over the cliff, with most recording double-digit losses.

The turnout is unsurprising, as such announcements often cause price drops for affected tokens. A similar announcement was made recently to delist three altcoins: AKRO, BLZ, and WRX. Likewise, their prices dropped by double digits.

What Binance Users Need to Do

Binance said all trade orders will be automatically removed after trading ceases in each trading pair. It will also terminate trading bot services for the aforementioned spot trading pairs immediately after the delisting occurs.

Based on these guidelines, Binance users should update and/or cancel their trading bots before the delisting to avoid any potential losses.

Notably, once the delisting happens, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Similarly, the token’s valuation will no longer be displayed in users’ accounts after delisting.

Deposits of these tokens will also not be credited to users’ accounts after the delisting time. Meanwhile, withdrawals of these tokens from Binance will not be supported after June 9 at 03:00 UTC.

“Delisted tokens may be converted into stablecoins on behalf of users after 2025-06-10 03:00 (UTC),” Binance added.

Meanwhile, it is worth noting that while Binance exchange’s move to involve the community in the listing and delisting bolsters democracy, it drew criticism. As BeInCrypto reported, it drew concerns over whether the exchange gave preferential treatment to BSC chain tokens.

Cryptocurrency exchange giant Binance has once again garnered substantial investor attention with its latest announcement on the restaking protocol KernelDAO. On Tuesday, April 8, the CEX revealed its 4th Megadrop project, KERNEL, whilst also revealing plans to list the token soon. Mentioned below are some of the vital listing details that traders and investors should know as they look to capitalize on such emerging opportunities.

Binance Reveals 4th Megadrop Project KERNEL, Here’s All To Know

In an official press release on Tuesday, Binance Megadrop declared plans to support KernelDAO by adding it as the 4th project on the platform. The platform’s massive user base can participate in this event starting April 9 at 00:00 UTC.

Notably, the crypto exchange clarified that it will be the first platform to list this token. As per the platform’s announcement, any other claims offering sales before the allotted timeline are false.

Here’s The Listing Date

Binance revealed in its announcement that it will list the following trading pairs for KERNEL shortly ahead:

• KERNEL/USDT
• KERNEL/BNB
• KERNEL/USDC
• KERNEL/FDUSD
• KERNEL/TRY

The platform’s users can partake in trading the abovementioned crypto pairs starting April 14 at 12:00 UTC. Further, a seed tag is to be applied next to this asset, signaling high risk and volatility.

More Details On The Megadrop

The Megadrop event on the top crypto exchange will be live from April 00:00 UTC to April 13 at 23:59 UTC. The token, KERNEL, boasts a total token supply of 1 billion coins.

At the time of the crypto’s listing on Binance, the initial circulating supply will be 162,317,496 coins, worth 16.23% of the total token supply. The ‘Hard Cap’ per user is set at 320,000 tokens, per the announcement. Users can move on to the official site for further details regarding the Megadrop participation process.

Notably, KernelDAO is a shared restaking security protocol on BNB Chain. Users can restake BNB, BTC, and other yield-bearing tokens to amass rewards.

Binance Cements Top Ranking With New Offerings

Meanwhile, it’s worth considering that the CEX has continued to secure its top ranking by revealing such opportunities for market participants globally. Intriguingly, the crypto exchange revealed plans to support the Bitcoin staking protocol Babylon earlier this month.

Therefore, the exchange continues to witness growing popularity across the crypto landscape. Meanwhile, some other upcoming listings on the same exchange include Hyperliquid, Mantle, and Kaspa, among other crypto assets.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.