Binance introduced its “Vote to Delist” initiative in March 2025, allowing verified users to vote on which tokens should be removed from the platform, particularly those in the Monitoring Zone, tagged for potential delisting due to poor liquidity, inactivity, or other red flags. The first round, concluded on April 8, 2025, resulted in the delisting of 14 altcoins, including BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT, as reported by Cointelegraph, Cryptoninjas, Crypto News, Coinpedia, BitcoinEthereumNews, 99Bitcoins, Cryptodnes, and BeInCrypto. These tokens were removed from all spot trading pairs on April 16, 2025, at 03:00 UTC, with users given until June 9, 2025, to withdraw them.
The second round, reported on April 16, 2025, by BitcoinEthereumNews and 99Bitcoins, put an additional 17 altcoins at risk, reflecting Binance’s ongoing effort to refine its listing standards through community input. This aligns with a broader trend of decentralized governance in crypto exchanges, amid a volatile market influenced by U.S. regulatory shifts and global economic conditions.
Details of the Second Round and Affected Altcoins
The second round of the “Vote to Delist” campaign began on April 10, 2025, and concluded by April 17, 2025, as per Bitcoin Sistemi. Verified Binance users could vote for up to five different projects, each account assigning one vote per project, with eligibility requiring a minimum balance of 0.01 BNB, per Crypto News. The vote targeted tokens tagged with a “Watch Tag,” indicating they are under review for potential delisting due to metrics like low trading volume or inactivity.
While the specific list of the 17 altcoins is not fully detailed in the search results, BitcoinEthereumNews and 99Bitcoins mention tokens receiving significant votes, including:
- FTT (FTX Token)
- ZEC (Zcash)
- JASMY (JasmyCoin)
- VOXEL (Voxies)
- GPS (GoPlus Security)
- PDA (PlayDapp)
- STPT (STP Network)
- FLM (Flamingo Finance)
- ALPACA (Alpaca Finance)
These tokens saw notable community pushback, with FTT dropping 4.1% to $0.81, JASMY and STPT dipping by around 6%, per BitcoinEthereumNews. The vote results suggest these tokens are at high risk, though final delisting decisions depend on Binance’s due diligence.
| Token | Vote Percentage (Approx.) | Price Impact (24h) | Notes |
|---|---|---|---|
| FTT | Not specified | -4.1% to $0.81 | High community pushback |
| ZEC | 8.6% | Not specified | Privacy token, industry support |
| JASMY | 8.6% | -6% | Significant price drop |
| VOXEL | 7.1% | Not specified | Notable community vote |
| GPS | 8.2% | Not specified | High vote percentage |
| PDA | 7.6% | Not specified | Community scrutiny |
| STPT | 5.9% | -6% | Price decline noted |
| FLM | 4.3% | Not specified | Lower vote percentage |
| ALPACA | 6.3% | Not specified | Moderate community pushback |
This table summarizes the available data on the second round, highlighting vote percentages and price impacts where reported.
Delisting Process and Criteria
Binance’s “Vote to Delist” process, as detailed in 99Bitcoins, involves community voting but is not the sole factor. The exchange conducts a thorough review, considering:
- Trading volume and liquidity
- Team commitment and development activity
- Regulatory compliance and responsiveness to due diligence requests
This multi-layered approach ensures that tokens meeting high standards remain listed, per Cointelegraph. The first round’s delisting of 14 tokens, announced on April 8, 2025, and executed on April 16, 2025, at 03:00 UTC, set a precedent, with users given until June 9, 2025, to withdraw, per BeInCrypto.
