Binance, the world’s largest cryptocurrency exchange, will delist six altcoins—Beefy.Finance (BIFI), FunToken (FUN), FIO Protocol (FIO), Orchid (OXT), Measurable Data Token (MDT), and Wanchain (WAN)—on April 23. The announcement triggered immediate double-digit price drops for the affected tokens, led by a 32% decline for BIFI. Binance stated the move follows periodic reviews to ensure assets meet the platform’s standards for team commitment, development activity, and liquidity.
The world’s largest cryptocurrency exchange, Binance, has announced it will terminate all services for six digital assets effective April 23. The impacted tokens are Beefy.Finance (BIFI), FunToken (FUN), FIO Protocol (FIO), Orchid (OXT), Measurable Data Token (MDT), and Wanchain (WAN) according to the official announcement.
The exchange conducts regular reviews of listed assets against its standards. “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,” Binance explained in the notice.
It cited factors like team commitment, development activity quality, trading volume, and liquidity as monitored criteria. The delisting decision led to immediate and sharp price declines for the named altcoins on April 9.
Beefy.Finance’s BIFI token experienced the most severe single-day crash, plummeting 32%. The other five coins saw their valuations drop between 20% and 25% in the same period.
This market reaction mirrors a similar event from last month. In March, Binance delisted eight other altcoins including Arena-Z (A2Z) and IDEX (IDEX), which fell approximately 33%.
Separately, Binance has recently announced other platform developments. The exchange intends to launch a prediction market feature by aggregating data from third-party platforms.
It also recently performed scheduled wallet maintenance on the Ethereum network. Operations on the TON Network were temporarily disrupted due to an upgrade as well.
