Binance, the largest crypto exchange on trading volume metrics, inspired freefalls for three altcoins on Wednesday, following an announcement that they were marked for delisting.
The exchange revealed the decision on September 3 during the early hours of the Asian session, provoking a sudden but almost immediate price crash.
SponsoredBinance to Delist 3 Altcoins: What Users Should Know
The announcement highlighted BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) as tokens marked for delisting.
Starting September 17 at 03:00 UTC, the Binance exchange will cease trading the three altcoins. The delisting will affect all trading pairs for the altcoins.
“The spot trading pair(s) of the aforementioned token(s) will be removed. All trade orders will be automatically removed after trading ceases in each respective trading pair. Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2025-09-17 03:00 (UTC), where applicable,” read an excerpt in the announcement.
Against this backdrop, Binance advised users to update and/or cancel their Trading Bots before the cessation of services to avoid potential losses.
Deposits of these tokens will not be credited to users’ accounts after September 18. Similarly, withdrawals will not be supported after November 18.
In the aftermath of the Binance delisting announcement, BAKE and SLF prices dropped by double digits while HIFI lost 7%.
The implication on the altcoins’ prices was unsurprising, similar to token reactions on past delisting announcements.
For example, Binance’s announcement in April of the delisting of 14 altcoins caused the affected tokens to plummet. Some, like BETA, HARD, and NULS, lost over 40% in value.
Meanwhile, Binance typically takes delisting actions after periodical reviews. This ensures that tokens in its product suite meet standard and industry requirements.
“When a coin or token no longer meets these standards or the industry changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt,” the exchange explained.
Key considerations in such reviews range from team commitment, structural changes in ownership, trading volume, and liquidity.
Meanwhile, Binance Spot Copy Trading will delist the three altcoins on September 10 at 03:00 (UTC).
Afterwards, any outstanding assets will be force-sold at market price. Alternatively, they could be moved to the Spot Account if the amount is unsellable.
Therefore, users should also update or cancel their Spot Copy Trading portfolios before September 10 to avoid potential losses.
