To protect our users and ensure that listed tokens and trading pairs continue to meet the high level of standards we expect, Binance conducts periodic reviews of each listed token and spot/margin trading pair on our platform based on the guidelines stipulated below.
When a listed token or spot/margin trading pair no longer meets these standards, Binance will conduct a more in-depth review, and potentially delist the token or spot/margin trading pair to protect users’ interests.
How does Binance evaluate listed tokens?
Binance regularly communicates with the project teams of listed tokens to understand their latest developments, such as their product roadmap, team changes, and more. This includes both positive and negative changes (e.g., unexpected deviations from the project team’s original plans).
During major market events, Binance will also check in with these project teams to understand how they have been impacted. If a project team encounters an incident (e.g., the project was hacked), Binance will also reach out to see if any support is required. After the incident, Binance will conduct a review of how the project team handled the incident, and whether the project team has introduced proper measures to prevent similar incidents from happening.
In addition, we always welcome and value users' feedback and suggestions at Binance. Besides the above reviews, we will conduct investigations and evaluate whether a listed token meets our standards if there is a large number of complaints for a listed token.
- To help users differentiate tokens that exhibit notably higher volatility and risks compared to other listed tokens, Binance has introduced the Monitoring Tag on the Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page.
- Binance will conduct periodic project reviews and decide if the Monitoring Tag should be added to or removed from listed tokens as per its latest findings. The additions or removals of the Monitoring Tag will be completed in the first week of every new quarter. Refer to this announcement for more details on the Monitoring Tag.
How does Binance evaluate listed spot/margin trading pairs?
To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot/margin trading pairs, and may delist selected spot/margin trading pairs due to multiple factors, such as poor liquidity and trading volume.
Please note that the delisting of a spot/margin trading pair does not affect the availability of the tokens on Binance Spot/Margin, where applicable. You can still trade the spot/margin trading pair’s base and quote assets on other trading pair(s) that are available on Binance.
Frequently Asked Questions
1. What does Binance consider before delisting a token?
Binance considers a variety of factors when conducting delisting reviews. Here are some examples:
- Commitment of team to project;
- Level and quality of development activity;
- Trading volume and liquidity;
- Stability and safety of network from attacks;
- Network/smart contract stability;
- Level of public communication;
- Responsiveness to our periodic due diligence requests;
- Evidence of unethical/fraudulent conduct or negligence;
- Contribution to a healthy and sustainable crypto ecosystem;
- Compliance with applicable laws and regulations.
2. What happens to my assets after a token is delisted?
When a token is delisted on Binance, you may withdraw the delisted token to your external wallets before the cessation of withdrawals, as specified in the delisting announcement. The cessation of withdrawals generally takes place three months after the corresponding token’s delisting date and time.
Please note: Delisted tokens may be converted into stablecoins on behalf of users after Binance has ceased withdrawals for the corresponding delisted tokens, and the proceeds will be credited to users’ Binance accounts. Before delisted tokens are converted into stablecoins, a separate notification will be made.
3. Do you inform project teams before delisting their tokens?
Due to its sensitivity, Binance does not disclose any delisting decisions to external parties. However, we regularly contact the project teams of listed tokens to collect information on their latest developments, such as their product roadmap, team changes, and more.
4. How can a project team avoid having their token delisted?
Project teams should actively build their products, engage with their communities frequently, and publish a clear product roadmap.
5. Will Binance re-list the delisted token again?
It will depend on the project’s traction.
6. What is the difference between delisting a token and delisting a spot/margin trading pair?
Delisting a token will result in the removal of the token from all Binance products and services, which includes all applicable spot/margin trading pairs.
On the other hand, delisting a spot/margin trading pair does not affect the availability of the tokens on Binance Spot/Margin. You can still trade the spot/margin trading pair’s base and quote assets on other trading pair(s) that are available on Binance.