Tokens selected for removal have been lined up for the first ever Binance delist round. After the community voting process, the world’s largest crypto exchange is set to delist 14 tokens on April 16. This is a move that spurs several services within the Binance ecosystem. According to investors, investors must act quickly to manage their holdings before the deadline.

Key-Takeaways:

• Following community voting and interal evaluaion, the 14 tokens including BADGER, BAL and TROY will be delisted by Binance, on April 16.
• The spot trading ends April 16 and futures positions close automatically April 14 prompt user action is required.
• Those delisted tokens will no longer be supported by multiple Binance services including Simple Earn, loans, and margin trading.
• Binance delist round assesses the token’s development activity, the team commitments, trading volume, and regulatory concerns as a whole.

Tokens Facing Removal

All the tokens scheduled for delisting are:

• TROY
• NULS
• BADGER
• Prosper (PROS)
• Kava Lend (HARD)
• Aaelf (ELF)
• Balancer (BAL)
• Beta Finance (BETA)
• FIRO
• Cortex (CTXC)
• Status Network Token (SNT)
• VIDT DAO (VIDT)
• UniLend (UFT)
• Cream Finance (CREAM)

TROY, SNT, and UFT topped the voting results. Binance reported that during the voting, 24,141 participants had submitted over 103,942 votes to choose among 4 nominees. Of these, 93,680 were deemed eligible after filtering out invalid votes from fraudulent activities.

How Binance Selected These Tokens

Binance employs a robust framework of token delisting that it uses to assess tokens before deciding whether to delist them. The exchange considers multiple factors before making its final decision. This includes the voting results, team commitment, the development activity, and the trading volume.

Other important metrics are network safety, community engagement, team responsiveness. Similarly, Binance also reviews periodic diligence requests and provides evidence of unethical activities. These decisions are also made in the framework of the regulatory landscape.

Besides evaluating transparency and unavoidable increases of token supply, the exchange also measures transparency further. Decisions are also influenced by changes to core members and the broader community sentiment. Only tokens that fail to meet the criteria are subject to removal under this holistic approach.

Timeline and Impact on Services

On April 16, 2025, spot trading for all of the 14 tokens will end. At the end of trading, all orders will be cancelled automatically. To prevent potential losses, users have to update or cancel their trading bots.

Importantly, after the April 16th at 03:00 UTC, the deposits for these tokens will not be credited. At the same time, withdrawal support will end. The swapped token balances will be possible for users affected by this, though this is not guaranteed.

However, futures positions have an earlier deadline. Positions will be closed by April 14 at 09:00 UTC and these tokens will be settled. It becomes necessary that users close open positions manually in order to prevent automatic settlement.

The delisting extends beyond basic trading functions. These tokens will not be supported for several of Binance’s most popular features. Passive income opportunities will end with simple Earn services for these assets.

These tokens will no longer be supported in the Dual Investment options. With these assets, mining pool participation will cease. However, these tokens are no longer usable to users for loan services. Additionally, Binance Margin will cease support for these tokens.

After delisting, users need to uncheck the “Hide Small Balances” box and check their assets. Key account information related to these tokens will be removed from the user interfaces the key account information (including the valuations of these tokens).

News of this delisting did not impact the crypto market much. The market capitalization rebounded to $2.596 trillion after a weekend sell off. Although Bitcoin briefly dipped below $80,000, it showed strong price action around that level around the $80,000 mark.

Conclusion: Binance Delist Round

Some memecoin like Fartcoin and DeFi tokens like Telcoin had double-digit gains. It implies that the broader market is still optimistic, even as Binance continues its platform cleanup initiative.

Users of any of the affected tokens need to act by the deadlines in April. For example, if assets were sent to self-custody wallets or converted into other cryptocurrencies, there will not be problems. The Binance delist round is another action in Binance’s ongoing platform governance.