Binance Set to Delisting Four Altcoins: What You Need to Know

Binance announced a plan to delist four altcoins from its product portfolio on Monday, causing significant price declines for the affected tokens.

This action, which will take effect on 2025-02-24 at 03:00 UTC, is another effort by Binance to improve market quality.

Four altcoins to be delisted by Binance

In a blog post shared on Monday, Binance announced plans to delist and cease trading on all spot trading pairs for four tokens.

"...we have decided to delist and cease trading on all spot trading pairs for the following tokens on 2025-02-24 at 03:00 (UTC): AirDAO (AMB), CLV (CLV), StormX (STMX), and VITE (VITE)," Binance stated.

The trading pairs expected to be removed are AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT, and VITE/USDT. Following Binance's delisting announcement, most of the tokens have recorded double-digit declines.

This result is unsurprising, given the Price Impact of token delisting on popular exchanges. For example, Binance's delisting of six altcoins in August led to significant price declines for those cryptocurrencies.

Specifically, PowerPool (CVP) and Ellipsis (EPX) dropped 14% and 22% immediately after their delisting announcements. Similarly, a recent Binance delisting announcement in December caused three altcoins to plummet, reflecting the latest results.

In contrast, the listing of Tokens on popular exchanges like Binance and Coinbase often drives price increases. As BeInCrypto reported, Coinbase's recent move to list POPCAT and PENGU created double-digit gains for these Tokens.

What Binance users need to know

Binance's delisting announcement is part of the exchange's periodic review of the performance of listed trading pairs. Specifically, the exchange analyzes factors such as the level and quality of development activity. It also evaluates the stability of the network and smart contracts.

"When a coin or Token no longer meets these standards or the industry context changes, we conduct a deeper review and may delist it," an excerpt from the blog stated further.

These measures are taken when Binance wants to ensure the best service and protection for its users. Accordingly, Binance users should be aware that all trading orders for the Tokens marked for delisting will be canceled after trading ceases on 2025-02-24.

This means that the Token value will no longer be displayed in users' accounts after delisting. Furthermore, depositing these Tokens will not be recognized in user accounts starting from 2025-02-25. At the same time, withdrawing these Tokens from Binance will not be supported after 2025-04-24. Instead, the delisted Tokens may be automatically converted to stablecoins starting from 2025-04-25.

Binance also stated that this delisting action will affect the Perpetual Futures Contracts for AMB and STMX starting from 2025-02-21 at 09:00 UTC. This means that traders holding open positions in these Futures Contracts should consider closing them before the delisting to avoid automatic settlement.