Binance has launched a ‘Vote to Delist’ feature enabling verified users to delist tokens from its monitoring zone list. Starting today, March 21, 2025, Binance has introduced a “Vote to Delist” feature, an initiative that would allow its community members to participate in deciding which tokens should be removed from the platform Notably, Binance users will be voting on cryptocurrencies included in Binance’s monitoring zone. Tokens listed in this category are at risk of delisting due to poor liquidity, inactivity, or other red flags. When writing there were a total of 27 cryptocurrencies in the Monitoring Zone. Some notable projects include JasmyCoin ( JASMY ) with a market cap of $636 million, Zcash ( ZEC ) at $502 million, and FTX Token (FTT) at $399 million. Some cryptocurrencies in Binance’s Monitoring Zone | Source: Binance Voting eligibility will require users to have a verified Binance account and maintain a minimum balance of 0.01 BNB throughout the voting period, which will last till March 27, 2025, 23:59 UTC. Eligible users can vote for up to five projects in the delisting pool, with one vote per project. Votes must be submitted under the official post on Binance Square Official to be considered valid. While the move aims to enhance listing governance and give the community “a greater voice”, according to Binance’s announcement, community votes will not be the sole factor in delisting decisions. You might also like: Bitcoin ETF inflows rebound as Fed holds interest rate steady The exchange will still conduct a thorough review, taking into account factors such as the project’s level of activity, trading volume, team commitment, regulatory compliance, and other relevant criteria. Binance has delisted tokens in the past for not meeting these standards, even some big names like Monero (XMR), Filecoin (FIL), and Internet Computer (ICP). The introduction of the delisting feature was accompanied by Binance’s announcement regarding the removal of five cryptocurrencies from its trading platform. The tokens include Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA), which will be delisted at 11:00 AM on March 28, 2025 (UTC+8). All these altcoins dropped after the announcement, with BURGER taking the biggest hit, plunging 48.1% within two hours, while the others saw losses ranging from 5% to 35%. The development comes amid a broader market downturn, with major crypto assets like Bitcoin ( BTC ), Ethereum ( ETH ), XRP ( XRP ), Solana ( SOL ), and Cardano ( ADA ) experiencing losses between 2% and 4%. At press time, the total crypto market cap had dropped 3.8% to $2.85 trillion. Read more: Canary Capital files for ETF holding PENGU token and NFTs
