Binance Delists VIB Due to Compliance Issues
Binance announced it will delist the Viberate token from its platform in May 2025. The decision follows an asset review indicating non-compliance with listing standards and declining trading volumes. A representative from Binance noted, “The delisting of VIB is part of our routine asset review process, driven by compliance issues and declining trading volumes.”
Key players influenced by this move include Binance and Viberate. Binance initiated the delisting after a routine review, aiming to maintain high standards. This will cease all VIB token trading on its platform.
VIB’s Price Plummets 31% Post-Delisting News
The announcement caused a 31% drop in VIB’s price, critically affecting its market value. The delisting impacts traders and holders, who face potential losses as VIB’s usability on exchanges diminishes.
The delisting decision underscores Binance’s commitment to industry compliance. Historical data shows that delistings often trigger immediate price drops, with long-term effects on liquidity and trust in similar assets.
Binance’s History of Stringent Delistings
Previous delisting decisions, like Binance’s 2025 “Vote to Delist” Batch, resulted in significant market shifts. 14 tokens were removed before, showing consistent enforcement of guidelines.
Insights from Kanalcoin analysts highlight potential outcomes such as market volatility for remaining listed tokens. Historical trends suggest increased scrutiny on similar tokens post-announcement. Changpeng Zhao, CEO of Binance, commented on the decision, stating, “This step is necessary to ensure we maintain a high standard for our listed tokens.”
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The post Binance to Delist Viberate Token by May 2025 appeared first on Kanalcoin.
