Binance, the world’s largest cryptocurrency exchange by trading volume, has unveiled a new community-driven initiative called “Vote to Delist,” allowing verified users to participate in decisions regarding the removal of underperforming tokens from its platform. The launch coincides with the exchange’s decision to delist five altcoins: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA).
Community Governance Takes Shape
Announced on March 21, 2025, the “Vote to Delist” feature enables users to vote on cryptocurrencies included in Binance’s Monitoring Zone—a watchlist of tokens deemed at risk due to low liquidity, inactivity, or other performance and compliance concerns.
At the time of the announcement, 27 tokens were listed in the Monitoring Zone, including high-profile names like JasmyCoin (JASMY), Zcash (ZEC), and FTX Token (FTT).
To vote, users must meet eligibility criteria: a verified Binance account and a minimum balance of 0.01 BNB throughout the voting period, which runs through March 27, 2025, 23:59 UTC. Voters may support up to five projects, with one vote per project, submitted via Binance’s official post on Binance Square Official.
Despite this increased user participation, Binance clarified that community votes are not the sole determinant in delisting decisions. The exchange will still conduct internal reviews considering development activity, trading volume, team responsiveness, regulatory compliance, and other key factors.
Delisting Announcement Sends Tokens Tumbling
In tandem with the new voting feature, Binance announced the imminent removal of five altcoins, set to be delisted on March 28, 2025, at 11:00 AM (UTC+8). The impacted tokens—AERGO, AST, BURGER, COMBO, and LINA—experienced sharp price declines following the announcement.
- BurgerCities (BURGER) was hit hardest, plunging 48.1% within two hours.
- Other tokens saw losses ranging between 5% and 35%, reflecting the market’s reaction to delisting news.
Broader Market Under Pressure
The delistings come amid a broader crypto market pullback. Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), posted 2% to 4% losses during the same period. As of press time, the total global crypto market cap had declined by 3.8%, settling at $2.85 trillion.
Binance has previously removed even major tokens like Monero (XMR), Filecoin (FIL), and Internet Computer (ICP) for failing to meet internal listing standards—highlighting the platform’s continued commitment to maintaining a robust and compliant trading ecosystem.
A Step Toward Decentralized Oversight
The new “Vote to Delist” feature signals Binance’s attempt to decentralize decision-making and strengthen its relationship with its user base. By involving the community in delisting discussions, the platform is offering greater transparency while reinforcing its internal evaluation process.
As the crypto landscape matures, this move represents a shift toward community-influenced governance within centralized platforms—potentially setting a precedent for other exchanges.
