Binance Coin Delistings: Can You See Them Coming and Prepare? What Are the Criteria?

Hello, this is Bitpunk. Today we'll look at the criteria Binance uses to delist coins, how to respond, and whether you can know about a delisting in advance.

What are Binance's delisting criteria?

Binance has several delisting criteria and publishes them openly. The main ones include insufficient project development, departure of key team members, poor communication with the community, low trading volume and liquidity, and regulatory or security issues.

For example, if a coin shows no development for a long time, or appears to have made no progress other than selling its tokens, the delisting process can move quickly.

What's the difference between a delisting and a trading pair removal?

Binance has two types of removal: delisting and trading pair removal. As we saw earlier, a delisting means the coin is removed from the Binance exchange entirely, and both trading and deposits are suspended.

Even after a delisting, you can still withdraw the coin. So if you hold that coin on Binance after it's delisted, you can withdraw it to an external personal wallet or to another exchange.

A trading pair removal, on the other hand, means only a specific trading pair for that coin is removed. For example, if there are SOL/USDT and SOL/BTC trading pairs and only one of them is removed, that's a trading pair removal, and the coin can still be traded.

Can you know about a delisting in advance?

It's practically impossible to know ahead of time which coins Binance will delist. So far, the only real method is to pay close attention once a Monitoring Tag has been added.

Binance runs a Monitoring Tag system for project teams and users. It's a kind of risk review, and coins or tokens that carry this tag have a high chance of being delisted.

Alternatively, you can follow the project's news and check for yourself the things covered by Binance's delisting criteria, such as development activity, team activity, and community communication, so you can prepare in advance.

What should you do with a delisted coin?

Coins delisted from Binance can no longer be traded there. So it's a good idea to withdraw them to a personal wallet such as MetaMask or OKX Wallet.

After that, you can trade the coin on a DEX such as Uniswap or PancakeSwap, or check whether a centralized exchange like Bybit or OKX supports trading for that coin.

Wrapping up

Binance's delisting process is one way the exchange removes projects that don't meet its standards, protecting investors and maintaining the exchange's credibility.

It's hard to know in advance which coins will be delisted, but notice is usually given one to three months ahead. After a delisting announcement, there can be large volatility and changes in liquidity.

So it's important not to react emotionally just because a delisting has been announced. If you hold the coin, you can withdraw it to an external wallet or another exchange and keep trading it.