Other factors included the team’s commitment to the project, development activity, trading volume and liquidity, network stability, responsiveness to Binance’s due diligence requests and new regulatory requirements. 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).
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’s tighter listing requirements. The tokens are being delisted following a “comprehensive evaluation of multiple factors,” including the exchange’s first “vote to delist” results, where community members nominated projects with less than stellar metrics, Binance announced on April 8.
In March 2024, the company extended its so-called “cliff period” — or the length of time listed tokens can’t be sold — to at least one year, according to Bloomberg. Related: Binance co-founder clarifies asset listing policies, dispels FUDAs tokens proliferate, listing requirements tighten across the boardBinance isn’t the only cryptocurrency exchange to tighten its listing requirements amid increased regulatory scrutiny.
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