Binance, the world’s leading cryptocurrency exchange by trading volume, has announced the delisting of five altcoins from its platform.
The affected cryptocurrencies are Stella (ALPHA), Biswap (BSW), Komodo (KMD), LeverFi (LEVER), and LTO Network (LTO). The exchange will stop spot trading for these tokens on July 4, 2025, at 03:00 UTC.
Binance To Delist ALPHA, BSW, KMD, LEVER, and LTO
According to the official statement, Binance’s decision to delist these tokens stems from its regular review of the assets on its platform. Key factors considered during the review include the project’s team commitment, development progress, trading volume, network security, community involvement, regulatory compliance, etc.
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the announcement read.
Deposits for ALPHA, BSW, KMD, LEVER, and LTO will cease on July 5 at 03:00 (UTC). Moreover, withdrawals will be halted on September 3. Binance services like Simple Earn, Dual Investment, and Gift Cards will also remove support for these tokens.
It is worth noting that while spot trading services for these tokens will stop, futures trading will remain unaffected.
“Contracts of the aforementioned token(s) trading is not affected and users may continue trading. In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the contracts of the aforementioned token(s) without further announcements,” the exchange added.
The delisting announcement sparked significant volatility in the market, with LTO and KMD experiencing the most severe impact. The latter saw the sharpest drop as its price dipped 50%. While it managed to recover from its low of $0.041 to $0.068 at press time, the price was still down 17%.
LTOs followed with a price decline of 42.8%. The altcoin, which has depreciated 82.8% over the past year, recovered slightly after. It minimized its losses and was down 15.4% when writing.
Meanwhile, ALPHA and BSW also saw comparatively smaller yet double-digit declines of 17.6% and 15%, respectively. LEVER was impacted the least, experiencing a more modest dip of 7.8%.
Nonetheless, their recoveries were quite notable as they reversed these losses quickly. At the time of writing, ALPHA, BSW, and LEVER were up 14.7%, 28.6%, and 8.6%, respectively.
The pattern of declines is not uncommon. Binance delisting announcements frequently lead to similar market reactions, as seen in the past with many altcoins. This is because delistings reduce liquidity, visibility, and market access, often triggering panic selling and investor uncertainty, which amplifies the declines in token value.
The post Binance Announces Delisting of 5 Altcoins in First Week of July appeared first on BeInCrypto.
