Binance will remove 14 cryptocurrencies from its platform on April 16, 2025. This follows a community-driven “Vote to Delist” event, where users selected low-performing projects for removal. The vote drew 103,942 total votes from 24,141 participants.
The affected tokens include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. Binance announced the decision on April 8, citing a full review of each token. The exchange evaluated various factors. These included developer activity, project team commitment, trading volume and responsiveness to due diligence. Liquidity and compliance with changing regulations also influenced the decision.
This marks the first implementation of Binance’s “vote to delist” feature. The move reflects its push for higher project quality and stronger investor protection. Over the past year, Binance tightened its listing standards. In March 2024, it extended the “cliff period” to one year. This period prevents newly listed token teams from selling their holdings.
Other exchanges have adopted similar measures. Bitget revamped its listing system last October. South Korean exchanges introduced tougher rules for domestic tokens under two years old. The market now holds more than 13.24 million tokens, tracked by platforms like CoinMarketCap. Analysts believe this token surplus may explain why the altcoin rally never took off this cycle.
Technical Analysis
Following the announcement, TROY broke below a major weekly support level. The token is now trading at its all-time low. If TROY attempts a short-term rebound, resistance is seen at the $0.00130000 level. However, continued downward momentum remains likely.