Binance, the world’s largest cryptocurrency exchange, delisted 23 altcoins from its Binance Alpha platform, causing significant price drops for the affected tokens. Among them, BUBB crashed by nearly 50% in a single day. The exchange had recently added new trading pairs but stated the removed assets no longer met its standards, warning users of high volatility.
The world’s largest cryptocurrency exchange, Binance, removed almost two dozen digital assets from its platform. This action caused sudden price collapses across the affected tokens.
The company revealed that 23 altcoins did not meet Binance Alpha’s standards. Delisting occurred on April 30, impacting tokens including Revox (REX), TANSSI (TANSSI), and Bubb (BUBB).
Most affected tokens headed south by double digits following the announcement. BUBB was among the worst-hit, with its valuation nosediving by nearly 50% over 24 hours.
Price declines are a normal reaction when an exchange terminates support. The development reduces liquidity, diminishes availability, and causes reputational damage.
Approximately two weeks prior, Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) also crashed similarly after Binance said goodbye. The exchange will still allow selling or withdrawing the recently scrapped assets on Binance Alpha.
The exchange reminded users that tokens on that early-access platform are typically subject to high volatility. “Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the projects before opting to trade the tokens,” it warned.
The delisting follows a recent batch of additions to its margin section earlier in the week. Binance included pairs like AVNT/U and BIO/U, aligning with listings centered on United Stables (U).
Prior to that, Binance temporarily halted Ethereum network deposits and withdrawals for scheduled wallet maintenance. Services resumed after the one-hour operation, a standard procedure the exchange has facilitated across other ecosystems.
