Binance Announces Delisting of Five Cryptocurrencies Amid Routine Review

Abiola
3 Min Read

Binance, the world’s largest cryptocurrency exchange, has announced its decision to remove five digital assets from its platform following a periodic evaluation of their compliance with industry standards.

The affected tokens—Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA)—are set to be delisted from all spot trading pairs on March 28, 2025, at 3:00 a.m. UTC.

In a statement released by Binance, the exchange emphasized that the decision was driven by multiple factors, including liquidity, security, trading volume, project team commitment, and adherence to regulatory requirements.

According to Binance, ensuring a robust and transparent trading environment remains a top priority, and assets that fail to meet evolving listing criteria must be removed.

READ ALSO: Kremlin Accuses Europe of Military Escalation Amid Ukraine Talks

The announcement comes as part of Binance’s ongoing efforts to maintain a high standard for the cryptocurrencies it supports. While the decision may come as a disappointment to some traders and investors, the exchange reassured users that such actions are necessary to uphold the integrity of its platform.

For those currently holding any of the affected tokens, Binance has provided guidance on how the delisting will impact various services. Futures positions for AERGO, LINA, and COMBO will be automatically closed and settled by March 27, 2025, at 9:00 a.m. UTC.

Additionally, these tokens will no longer be available through Binance Simple Earn and other investment products after the same date. Support for the delisted assets will also cease on Binance Convert and Trading Bots by March 28, 2025.

Binance further clarified that, in some cases, delisted tokens might be converted into stablecoins on behalf of users, but only if explicitly announced in advance. The exchange encouraged users to manage their portfolios accordingly before the delisting deadline to avoid disruptions.

Looking ahead, Binance has also hinted at a more community-driven approach to asset management. The exchange plans to introduce a “Vote to Delist” feature, allowing users to suggest cryptocurrencies for removal. However, the tokens affected in this current delisting will not be eligible for this new initiative.


Discover more from Scoop Hub

Subscribe to get the latest posts sent to your email.

Share This Article
Leave a comment

Discover more from Scoop Hub

Subscribe now to keep reading and get access to the full archive.

Continue reading