Binance delists 14 tokens after a community vote, effective April 16, as part of its new "Vote to Delist" initiative - IcoHolder.

Binance has announced the delisting of 14 tokens from its platform, set to take effect on April 16, as part of the first batch of its "Vote to Delist" initiative. The tokens being removed include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.

In a statement released on April 8, Binance explained that the decision was based on both internal reviews and the results of a community vote. Over 103,000 votes were cast by more than 24,000 participants, with approximately 93,000 votes validated after filtering out ineligible entries. To participate, voters had to hold at least 0.01 Binance Coin (BNB).

The exchange cited several reasons for the delistings, including low trading volumes, lack of project development, minimal community involvement, and non-compliance with Binance’s internal or regulatory standards. Binance also noted that tokens not delisted in this round could still face removal in the future if they fail to meet the platform’s requirements.

On April 16, trading pairs for the affected tokens will be removed at 03:00 UTC, and deposits for these tokens will be suspended. However, users will still be able to withdraw their holdings until June 9. After this date, any remaining balances may be converted into stablecoins.

This move follows Binance’s delisting of Tether (USDT) trading pairs in the European Economic Area on March 31 to comply with the new Markets in Crypto-Assets (MiCA) regulations. MiCA aims to enhance oversight and accountability over digital assets in the EU, prompting exchanges to be more selective about the tokens they support in the region.