Binance Removing Token: The Riskiest Crypto token in Digital currency?
Binance, recognized as the leading crypto exchange globally, has just launched the second phase of its Binance Delisting initiative.
Seventeen tokens are at risk on the chopping block, each labeled with the ominous “Monitoring” tag. This crowd-driven accountability trial seeks to enhance transparency and transform the approach to listing choices.
Binance Delisting: Tokens Under Observation
This new Vote to Delist phase targets 17 tokens, such as FTT, JASMY, ZEC, VOXEL, GPS, and WING.
Voting took place on April 10; further delisting results will be shared this week. Binance has specified that voting is exclusively for verified account holders possessing at least 0.01 BNB throughout the voting timeline.
Binance unveils second list for the “Vote to Delist” initiative
These tokens are now part of the latest voting round: $FTT, $GPS, $ZEC, $JASMY, $PDA, $VOXEL, $ALPACA, $BSW, $STPT, $ARK, $FLM, $MBL, $WING, $PERP, $ARDR, $NKN, $LTO.
Users have the opportunity to vote on whether to retain or eliminate these tokens from Binance. #Binance pic.twitter.com/oVcyfIGN9n
— Rananjay Singh (@TodayCryptoRj) April 10, 2025
Each participant may vote for up to five tokens; however, Binance stressed that “community feedback will not solely determine the final outcome.” The trading network additionally considers factors like trading volume, liquidity, team dedication, development progress, and regulatory crypto law.
The Rationale Behind Binance’s Stricter Listing Policies
The Vote to Delist initiative comes in conjunction with Binance’s overall effort to implement stricter listing guidelines. Over the past year, the exchange has increased its measures to ensure that tokens on its platform adhere to elevated standards of transparency, development, and user protection.
For example, during its initial Vote to Delist phase earlier this month, 14 underperforming tokens—including BAL, CREAM, and SNT—were removed. Binance pointed to slow progress, minimal trading activity, and compliance issues as significant factors influencing these decisions.
There were less than 3,000 during the boom of 2017-2018. With over 36.4 million altcoins available, the crypto market is overflowing, and Binance aims to manage it effectively.
Voting Process for Binance Delistings
Binance limits the voting eligibility to verified account holders with sufficient BNB to filter out fraudulent votes. The results may influence decision-making regarding which tokens remain or are removed from the protocol.
For tokens facing scrutiny, this serves as an urgent warning: demonstrate value, enhance metrics, or risk being removed. For exchanges, this trend indicates a shift toward prioritizing quality control over sheer numbers, tightening regulations in a swiftly changing ecosystem.
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Key Insights
- Seventeen tokens are facing potential delisting, each under the “Monitoring” label. This initiative seeks to enforce accountability within the market.
- Binance maintains strict control over the voting, allowing only verified users with enough BNB to prevent spam.
The article Binance Delisting Token: The Most Dangerous Coin in Crypto? was originally featured on 99Bitcoins.
