What criteria does Binance use to decide which cryptocurrencies to delist?

3 answers

• psyclobeJun 24, 2024 · a year ago
  When it comes to delisting cryptocurrencies, Binance takes several factors into consideration. These include the project's commitment to compliance, the team's responsiveness to regulatory concerns, the trading volume and liquidity of the cryptocurrency, and the overall market demand. Binance aims to ensure a safe and reliable trading environment for its users, and delisting is one way to achieve that goal.
  410

  205
• Ali SajidApr 09, 2023 · 2 years ago
  Binance follows a rigorous review process before deciding to delist a cryptocurrency. This process involves evaluating the project's development progress, the team's credibility and transparency, and the potential risks associated with the cryptocurrency. Binance also considers any regulatory actions or warnings issued against the project. The decision to delist is not taken lightly and is made with the best interests of the users in mind.
  443

  148
• Coyle MaysNov 12, 2024 · 9 months ago
  As a third-party observer, BYDFi has noticed that Binance delists cryptocurrencies that fail to meet certain standards. These standards may include low trading volume, lack of community support, security vulnerabilities, or regulatory concerns. Binance aims to maintain a high-quality selection of cryptocurrencies on its platform, and delisting is a way to ensure that only reliable and trustworthy projects are available for trading.
  435

  109