Binance to Delist 5 Cryptos: Market Shock as Prices Tumble Up to 48%

Binance, the world’s largest crypto exchange, has announced the delisting of 5 digital assets—AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA).

The move effective March 28 has already seen big price drops and investors are worried.

Binance cited internal compliance standards as the reason for the delisting. Binance’s influence in the crypto space means delistings often lead to huge sell offs as investors sell their holdings in anticipation of reduced trading opportunities.

Why Binance Is Removing These Tokens

Binance reviews digital assets periodically to ensure they meet the platform’s standards for security, liquidity and regulatory compliance. The company stated that multiple factors contributed to the delisting including:

  • Lack of developer activity and project stagnation.

  • Declining trading volume and liquidity, market inefficiency.

  • Failure to meet security and compliance standards, regulatory concerns.

  • Community engagement and ecosystem development, below expectations.

These delistings show Binance’s continued efforts to refine their offerings and make the platform robust and trustworthy for traders.

Key Dates and Trading Restrictions

Binance has outlined the timeline for phasing out these assets which will impact multiple trading and investment options.

  • March 26, 06:00 UTC: Margin trading for AERGO, AST, BURGER, COMBO, LINA will be disabled. Traders need to close positions to avoid forced liquidation.

  • March 27, 09:00 UTC: Binance Futures will close all positions and auto settle AERGOUSDT, COMBOUSDT and LINAUSDT perpetual contracts.

  • March 28, 03:00 UTC: Spot trading for the 5 tokens will be removed permanently.

  • March 29: Deposits will no longer be credited.

  • May 27: Withdrawals will no longer be supported.

Binance will also introduce a Vote to Delist feature but this batch of delistings will not be subject to voting.

How Are the Delisted Tokens Performing?

Market reaction was quick, all 5 tokens are seeing big price drops:* AERGO down 6% to $0.06845, volume up 43% to $30.46 million.

  • AST down 28% to $0.03375, 24-hour volume up 88% to $5.25 million.

  • BURGER down 48%, the biggest loser.

  • COMBO down 20%, investors are cautious.

  • LINA down 32%, big sell.

Binance’s move shows how the crypto market is volatile where exchange listings and delistings can move the market. Investors are watching how these assets will impact the overall market in the coming weeks.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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