Binance plans to delete 14 tokens from its platform on April 16 in a step designed to clean low-quality projects that do not comply with the lighter requirements on the crypto exchange list.
The tokens were removed following a “comprehensive review of several factors,” including the first “votes on exchange results, in which community members appointed projects less than Stellar, Binance’s metrics announced on April 8th.
Other factors include the team’s team commitment, development activity, trading and liquidity, network stability, responding to the appropriate Binance requests and new regulatory requirements.
Tokens selected for removal include Badger (Badger), Balancer (Bal), Beta Finance (Beta), Cream Finance (Cream), Cortex (CTXF), Aaelf (ELF), Firo (Firo), Kava Lend (Hard), Nuls (Nuls), Prosper (Pros), Status (SNT), Troy (Troy), Unilend (UFT) and vidt dao (vidt).
Source: Binance
Binance tightened List requirements Last year in an attempt to boost investor protections. In March 2024, the company expanded the so-called “plateau period” —o the length of time listed in the tokens could not be sold-even one year, according to Bloomberg.
Related: Binance Co-founder clarifies asset list policies, deleting FUD
As the tokens grow stronger, the list requirements are strictly across the board
Binance is not the only cryptocurrency exchange to tighten the requirements in its list amid increased regulatory investigation. Last October, Bitget announced an overhaul of its token list process, which preceded factors such as fully melted appreciation, investor lock-up duration and project business plans.
In South Korea, crypto exchanges were carried by their List requirements Due to new regulations, which include limits to tokens that have been traced for less than two years.
Stringent list requirements are also required to remove the flood of new tokens entering the market day -day.
At the end of Memecoin Mania, platforms such as CoinMarketCap track a tedious 13.24 million cryptocurrencies. The actual number of cryptocurrencies far has exceeded that level.
Some analysts have already argued the Tokens oversupply Slightly explaining why the long -awaited “altseason” did not really remove this cycle.
Advancement in the number of cryptocurrencies may melt altseason. Source: Ali Martinez
“Today, there are more than 36.4 million altcoins, compared to fewer than 3,000 during the 2017-2018 ALT season and even fewer than 500 Altcoins in 2013-2014,” Crypto analyst Ali Martinez wrote on social media.
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