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Binance Marks 3 Altcoins for Delisting: Everything You Need To Know
Yahoo Finance· 2025-12-03 09:48
Core Insights - Binance will delist StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17, 2025, due to poor liquidity and low trading volumes, with all three projects recording less than $1 million in daily volume prior to the announcement [1][2][4] Group 1: Delisting Announcement - The delisting was announced on December 3, 2025, as part of Binance's regular asset review process, which considers factors such as trading volume and market presence [2][3] - The removal of these altcoins will affect various services beyond spot trading, including Trading Bots, Spot Copy Trading, Simple Earn, mining pools, loans, and margin trading [3] Group 2: Market Impact - Following the announcement, the three altcoins experienced a significant drop in value, reflecting expectations of reduced liquidity in the market [4][6] - The delisting highlights broader challenges within the altcoin sector, as data indicates that the percentage of Binance-listed altcoins trading above their 200-day Simple Moving Average is at historic lows [7] Group 3: Project Performance - StaFi (FIS) and REI Network (REI) demonstrated weak market presence with trading volumes under $1 million, while Voxies (VOXEL) initially showed promise but declined steadily over six months [2][8] - REI Network's market data indicated a turnover ratio of only 0.609, with a $50,000 sell order capable of causing a 5% price move, underscoring its thin liquidity [8]
X @Wu Blockchain
Wu Blockchain· 2025-12-03 06:39
Binance will delist all spot trading pairs for StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17 at 03:00 UTC. The exchange said it conducts periodic reviews based on factors such as team commitment, development activity, liquidity, network security, transparency, regulatory considerations, token supply changes, and community sentiment. Assets that no longer meet these standards may be removed from the platform. https://t.co/3HuM2kLESh ...