Binance Delists Five Cryptocurrencies, Sparking Market Volatility
Binance, the world’s largest cryptocurrency exchange, announced on Thursday the complete removal of five cryptocurrencies from its platform. This decision triggered significant price drops for four of the affected tokens.
The substantial impact on these cryptocurrencies can be attributed to Binance’s extensive reach. The exchange provides exposure to millions of users, making its listing status crucial for a token’s visibility and trading volume.
While Binance doesn’t explicitly state the reasons behind each delisting, the move often signals underlying issues with the projects. These issues could range from developmental challenges to a simple lack of market demand.
Cryptocurrencies Plunge After Binance Delisting
Binance stated that it conducts regular reviews of the cryptocurrencies listed on its platform, citing various factors that can lead to delisting. These factors include a lack of team commitment, insufficient development progress, low trading volume, security concerns, and regulatory requirements.
The exchange announced the removal of the following five cryptocurrencies:
- Stella (ALPHA)
- Biswap (BSW)
- Komodo (KMD)
- LeverFi (LEVER)
- LTO Network (LTO)
Following the announcement, ALPHA experienced a 12% decrease in value over the past 24 hours, while LEVER fell by 18.7% during the same period. LTO and KMD suffered the most significant losses, exceeding 33%.
The price declines occurred almost immediately after the delisting announcement.
Binance has specified that deposits for these tokens will remain open until July 5th (midnight, Brasilia time). Withdrawals will be disabled on September 3rd.
“Tokens removed from the list may be converted to stablecoins on behalf of users after 04/09/2025 at 03:00 (UTC). However, this conversion is not guaranteed,” Binance stated. “A separate notification will be sent before the conversion, when applicable, and the stablecoins will be credited to Binance user accounts after the conversion.”
Trading of these five cryptocurrencies on the spot market will be suspended on July 4th at midnight (BRT). Other services, such as Simple Earn, Loan, and Pay, will have their own specific termination dates.
Biswap Defies the Trend
Interestingly, one of the five cryptocurrencies, Biswap (BSW), bucked the trend and experienced a significant increase in value. BSW rose by 32.2% in the last 24 hours.
In response to the delisting, the Biswap project developers described the situation as “a tough goodbye, [but] a stronger future.”
“We’ve had a long journey together, but now, we fully embrace decentralization. CEXs can delist tokens, but they can’t delist vision – we’re free to build. And we’re just getting started,” the Biswap team wrote, outlining their future plans.
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