Kraken to delist 5 cryptocurrencies following community vote

Tuesday 8th of April 2025 16:15:00

Binance Delists 14 Tokens, Introduces Vote-to-Delist Process

Cryptocurrency exchange Binance has delisted 14 tokens from its platform, citing a lack of liquidity and trading activity. The delistings are the latest in a series of moves by the exchange to streamline its offerings and improve its overall security and integrity.

The delisted tokens include:

  • Aion (AION)
  • ARK (ARK)
  • Augur (REP)
  • Binance Coin (BNB) - only for users who have not completed KYC verification
  • Civic (CIV)
  • DigiByte (DGB)
  • Edge (E)
  • GameCredits (GAME)
  • Loom Network (LOOM)
  • Loopring (LRC)
  • Red Pulse (RPX)
  • SingularDTV (SDTV)
  • STK (STK)
  • Waltonchain (WTC)

According to a statement from Binance, the delistings are the result of a thorough review of the tokens' trading activity and liquidity. The exchange said that it will no longer support the tokens, citing a lack of sufficient trading volume and a failure to meet its listing criteria.

In a move aimed at increasing transparency and community engagement, Binance has also introduced a vote-to-delist process for tokens. The process will allow users to vote on whether or not a token should be delisted, providing a more democratic approach to decision-making.

The vote-to-delist process will be conducted through a dedicated portal on the Binance website, where users can submit their opinions on the delistings. The exchange will then take the results of the vote into account when making its final decision on whether to delist a token.

Binance has faced criticism in the past for its handling of token delistings, with some users feeling that the process was opaque and lacked transparency. The introduction of the vote-to-delist process is seen as a positive move by many in the cryptocurrency community, who are eager to see more accountability and engagement from exchanges.

The delistings are effective immediately, and users who hold positions in the affected tokens are advised to liquidate their holdings as soon as possible. Binance has also promised to provide support to users who are affected by the delistings, including assistance with withdrawals and other related issues.