{"id":21151,"date":"2025-04-08T16:17:21","date_gmt":"2025-04-08T16:17:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21151"},"modified":"2025-04-08T16:17:21","modified_gmt":"2025-04-08T16:17:21","slug":"binance-to-purge-14-tokens-following-vote-to-delist-process","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21151","title":{"rendered":"Binance to purge 14 tokens following \u2018vote to delist\u2019 process"},"content":{"rendered":"
\n

<\/p>\n<\/p>\n

\"Binance<\/p>\n

Binance is planning to delist 14 tokens from its platform on April 16 in a move designed to purge low-quality projects that do not adhere to the crypto exchange\u2019s tighter listing requirements.\u00a0<\/p>\n

The tokens are being delisted following a \u201ccomprehensive evaluation of multiple factors,\u201d including the exchange\u2019s first \u201cvote to delist\u201d results, where community members nominated projects with less than stellar metrics, Binance announced<\/a> on April 8.<\/p>\n

Other factors included the team\u2019s commitment to the project, development activity, trading volume and liquidity, network stability, responsiveness to Binance\u2019s due diligence requests and new regulatory requirements.\u00a0<\/p>\n

The tokens selected for delisting are Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXF), Aaelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT) and VIDT DAO (VIDT).<\/p>\n

\"Binance
\n

Source: <\/em>Binance<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Binance has tightened its listing requirements<\/a> over the past year in an attempt to boost investor protections. In March 2024, the company extended its so-called \u201ccliff period\u201d \u2014 or the length of time listed tokens can\u2019t be sold \u2014 to at least one year, according to Bloomberg<\/a>.\u00a0<\/p>\n

Related: <\/strong><\/em>Binance co-founder clarifies asset listing policies, dispels FUD<\/strong><\/em><\/a><\/p>\n

As tokens proliferate, listing requirements tighten\u00a0across the board<\/h2>\n

Binance isn\u2019t the only cryptocurrency exchange to tighten its listing requirements amid increased regulatory scrutiny. Last October, Bitget announced an overhaul<\/a> of its token listing process, prioritizing factors such as fully diluted valuation, investor lock-up periods and project business plans.\u00a0<\/p>\n

In South Korea, crypto exchanges have also beefed up their listing requirements<\/a> due to new regulations, which included limitations on tokens that have been traded domestically for less than two years.<\/p>\n

Stringent listing requirements are also needed to weed out the flood of new tokens that are hitting the market every day. <\/p>\n

In the wake of the memecoin mania, platforms like CoinMarketCap track a staggering 13.24 million cryptocurrencies. The actual number of cryptocurrencies far exceeds that level.\u00a0<\/p>\n

Some analysts have argued that the oversupply of tokens<\/a> partly explains why the long-awaited \u201caltseason\u201d never really took off this cycle.\u00a0<\/p>\n

\"Binance
\n

The surge in the number of cryptocurrencies may have diluted altseason. Source: <\/em>Ali Martinez<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

\u201cToday, there are over 36.4 million altcoins, compared to fewer than 3,000 during the 2017-2018 alt season and even fewer than 500 altcoins in 2013-2014,\u201d crypto analyst Ali Martinez wrote on social media.<\/p>\n

Magazine: <\/strong><\/em>3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame<\/strong><\/em><\/a><\/p>\n