See which cryptocurrencies will be removed from the Binance platform on November 12.
The world’s largest cryptocurrency exchange regularly reviews every digital asset listed on its platform to ensure it maintains a high level of industry standards and requirements.
Today (October 29), it announced that it will cancel all trading services for three altcoins that no longer meet the criteria. As expected, the announcement caused massive volatility in the affected currencies.
The Binance effect
According to its most recent reviews, the company decided to delist Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). Operations with these currencies will no longer be available from November 12.
“Token valuation will no longer be displayed in users’ accounts after delisting. To view their assets after trading ceases, users should ensure that they have not selected “Hide small balances” in all their accounts. Deposits of these tokens will not be credited to user accounts after 2025-11-13 03:00 (UTC). Withdrawals of these Binance tokens will not be supported afterwards 2026-01-12 03:00 (UTC)”, the company clarified.
These efforts often have a negative effect on the prices of the cryptocurrencies involved by decreasing liquidity, reducing visibility, and causing reputational damage.
KDA took the biggest hit, with its valuation collapsing almost 30% on a daily scale to an all-time low of $0.04 (based on CoinGecko data). PERP also took a nosedive, posting a 15% loss.
The FLM’s reaction, however, was quite surprising. The asset’s price soared to a one-month high of $0.03 before retreating slightly to $0.02, representing a 25% increase over the past 24 hours. Typically, such a trajectory occurs when Binance adopts a new cryptocurrency, not when it stops marketing services for a previously listed one.
The previous cases
About a month ago, Binance launched the FLUID/USDT perpetual contract with up to 75x leverage. This is a type of product with no expiration date that allows users to speculate on the price of the asset with borrowed money without owning it. FLUID’s valuation soared 55% shortly after the disclosure.
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Before that, the exchange introduced the STBL/USDT perpetual contract with up to 50x leverage. The price of the cryptocurrency involved skyrocketed almost 500% following the news.
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