Binance Is Cleaning Up: 14 Cryptos Leaving The Platform

Binance strikes a significant blow by announcing the removal of 14 tokens from its platform effective April 16. An unprecedented decision, guided by a community vote and strengthened quality criteria, marking a turning point in the crypto project selection strategy by the exchange giant.

Binance toughens its stance: 14 crypto tokens removed!

At the moment Binance puts an end to USDT in Europe, the famous crypto platform announces a massive purge of 14 tokens deemed “non-compliant” with its quality standards. Scheduled for April 16, this decision is part of a desire to enhance the security, transparency, and performance of its ecosystem. The surprise comes from the process: for the first time, Binance organized a “vote to delist,” giving a voice to its community.

The result? Users targeted projects with disappointing performances, thereby reinforcing the natural sorting of the crypto market. The 14 tokens affected 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). Among the criteria considered, we have:

• Development activity;
• Network stability;
• Liquidity;
• Transparency of teams;
• New regulatory requirements.

Why is it important?

Binance sends a clear message: the era of ghost tokens is over. To remain listed, a project must prove its value, reliability, and ability to adapt to an ever-evolving global regulatory framework. This measure is likely to trigger a sharp decline in the value of these crypto assets, a phenomenon well known to investors during delisting announcements on Binance.

By giving more weight to its community while strengthening its evaluation process, Binance seeks to reconcile decentralized innovation with responsible governance. Furthermore, this community is very important for the exchange, as it has recently helped to spot a crypto fraudster within the company.

A few weeks ago, 4 crypto tokens were listed on Binance through a “Vote To List” and today, 14 assets will be delisted through a “Vote To Delist”. A strategy that could well become the norm for large crypto platforms.