Binance, the world’s largest cryptocurrency exchange, has announced the delisting of three altcoins, triggering a sharp sell-off and immediate price declines.The market reacted swiftly: BAKE and SLF plunged by double digits, while HIFI dropped around 7%. Such reactions are not unusual, as seen in previous delisting announcements. In April this year, Binance delisted 14 altcoins, with tokens like BETA, HARD, and NULS losing over 40% of their value.
Binance explained that delisting decisions are based on periodic reviews, taking into account factors such as team commitment, structural changes, trading volume, liquidity, and the ability to meet industry standards.
In addition, Binance Spot Copy Trading will also delist BAKE, HIFI, and SLF earlier—effective from 03:00 UTC on September 10. Remaining assets will either be liquidated at market price or moved to Spot Accounts if unsellable.
The latest move once again underscores the risks investors face when holding tokens at risk of removal from the world’s leading crypto exchange.
