Binance, the world's leading cryptocurrency exchange, has announced the delisting of 14 tokens effective April 16, following a community vote and rigorous evaluation process. The affected tokens include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.
Key Points:
- Delisting Date: April 16, 2024.
- Impacted Services: Spot trading, futures, margin, loans, and Simple Earn.
- Market Context: Crypto market cap rebounds to $2.596 trillion after recent volatility.
Token Selection Criteria
Binance employs a multi-faceted approach to identify tokens for delisting, including:
- Vote to Delist Results: Community voting outcomes (e.g., TROY, SNT, UFT topped the first batch).
- Project Viability: Team commitment, development activity, liquidity, and trading volume.
- Compliance & Ethics: Regulatory alignment, transparency, and absence of fraudulent activities.
👉 Learn more about Binance’s compliance standards
Services Affected by Delisting
Trading & Deposits:
- Spot trading pairs will close on April 16; open orders will be canceled.
- Deposits will not be credited post-03:00 UTC on the delisting date.
Futures & Margin:
- Futures positions will be auto-settled by April 14, 09:00 UTC.
- Margin trading and loan services disabled for delisted tokens.
Earn & Staking:
- Simple Earn, Dual Investment, and Mining Pool support removed.
Market Recovery Amid Delistings
The broader crypto market rebounded on Tuesday, with:
- Bitcoin (BTC): Regained $79,000** but faces resistance near **$80,000.
- Altcoins: Meme coins (e.g., Fartcoin) and DeFi tokens (e.g., Telcoin) surged.
FAQs
Q: Can I withdraw delisted tokens after April 16?
A: No. Withdrawals will be disabled after 03:00 UTC on the delisting date.
Q: Will Binance swap my token balances?
A: Possible but not guaranteed. Users should manually manage holdings.
Q: How were the tokens selected?
A: Based on voting results, liquidity, compliance, and project sustainability.
👉 Explore secure trading alternatives
Conclusion
Binance’s delisting underscores its commitment to market integrity and regulatory compliance. Users holding affected tokens should act promptly to adjust portfolios and leverage remaining services.
Note: Always conduct independent research before making investment decisions.
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