On October 28th, Binance Alpha removed 18 tokens from the Alpha list pool. This means they are no longer actively featured in new purchases on the platform. Users who already own it can continue to sell or trade it through other means.
The removed tokens are $ALON, $CA, $HAT, $URO, $LUCE, $Aimonica, $House, $LMT, $degenai, $MCH, $RIF, $ASRR, $YNE, $MAXONSOL, $GRIFT, $vvaifu, $HAPPY, and $PAIN.
Earlier this year, Binance introduced a formal review mechanism for the Alpha platform. Projects listed there must meet both qualitative and quantitative criteria such as trading volume, liquidity, community activity, team credibility, and regulatory compliance. Tokens that do not meet these criteria may be removed.
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With this in mind, delisting a group of tokens like the one above will accomplish the following:
- Clean out poorly traded or stagnant projects
- Reduces risk from problematic tokens, such as hidden fees and tokens with low actual usage.
- Shows users that the platform is serious about maintaining the high quality of early access products
- Helps manage financial risks associated with supporting very small and illiquid projects
Therefore, all 18 tokens may fall into one or more of the categories listed above.
Binance tightens quality filters
Binance appears to be tightening its policy environment and turning Alpha into a curated showcase rather than a wide open pool of new tokens. While this will make it harder for projects to list, it should also lead to fewer hype-driven deals and improved overall quality.
This is not the first time that small tokens have been delisted. In July, Binance removed tokens such as ALPHA, BSW, KMD, LEVER, and LTO due to low liquidity and trading volume.
A few days ago, the platform also removed spot trading pairs for other tokens such as A/FDUSD, AXS/BNB, GALA/BTC, and PNUT/BRL as part of a regular review.
After all, the removal of 18 tokens by Binance Alpha shows that there is always risk when investing in small-cap stocks or early access tokens. This proves that even tokens promoted by major exchanges can be removed if they do not meet certain requirements.
Related: Is Binance in trouble or just FUD? Uncertainty looms
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