Binance, the largest cryptographic exchange for commerce volume metrics, decided to eliminate 14 altcoins, sending tokens affected to a free fall.
The platform recently adopted a mechanism to involve its community in the listing and exclusion processes.
Binance to eliminate 14 altcoins
The exchange revealed the decision on Tuesday, during the first hours of the Asian session. DelirÃa and would stop operating in all spot trade pairs for tokens with name from April 16 to 03:00 (UTC).
“After the vote to eliminate the results and the completion of the standard process that eliminates the due diligence process, Binance will eliminate Badger, Bal, Beta, Cream, CTXC, ELF, Fire, Hard, NULLS, Pros, SNT, TROY, UFT and VIDT on 2025-04-16,” the announcement said.
According to reports, the selection of these 14 tokens was based on a comprehensive evaluation of multiple factors. Among them are the level and quality of development activity, commercial volume and liquidity.
In line with its recent decision to involve the community in its listing and exclusion plans, the Binance Exchange also had a vote. As reported, although it received 103,942 votes of 24,141 participants, only 93,680 demonstrated valid.
“The results of the community vote were evaluated after the rigorous filtering of non -eligible votes and unable votes,” he articulated the exchange.
Immediately after the announcement of the list, the 14 tokens fell on the cliff, with most of the losses of two registration digits.
Participation is not surprisingAs such ads, they often cause price DRops for affected chips. Recently a similar announcement was made to eliminate three Altcoins: Akro, Blz and WRX. Similarly, their prices fell into two digits.
What should Binance users do?
Binance said that all commercial orders will be automatically eliminated after negotiation ceases in each pair of negotiation. Trade will also end Bot services for the spot pairs mentioned immediately after elimination occurs.
According to these guidelines, Binance users must update and/or cancel their commercial bots before elimination to avoid possible losses.
In particular, once the elimination occurs, any pending asset will be soldier by force at the market price or will be transferred to the spot account if the amount is non -bearable. Similarly, the assessment of the Token will no longer be shown in the user accounts after the list.
The deposits of these tokens will not be accredited to user accounts after exclusion time. Meanwhile, the withdrawals of these Binance tokens will not be supported after June 9 at 03:00 UTC.
“The eliminated tokens can become Stablecoins on behalf of the users after 2025-06-10 03:00 (UTC),” Binance added.
Meanwhile, it is worth noting that, although the Binance Exchange movement to involve the community in the list and the elimination of the democracy of the bags, caused criticism. As Beinypto reported, he caused concerns about whether the exchange gave a preferential treatment to BSC chain tokens.
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