The leading cryptocurrency exchange, Binance, is set to halt trading for three major cryptocurrencies. The delisting of StaFi (FIS), REI Network (REI), and Voxies (VOXEL) is planned for December 17.

Details on the Delisting

Binance conducts regular evaluations of the assets listed on its exchange, focusing on the project’s team commitment, development activity, trading volume, network security, community feedback, and more. This decision follows a recent assessment that indicated the above tokens no longer meet their criteria.

“The spot trading pairs of the aforementioned tokens will be removed. All trade orders will be automatically removed after trading ceases in each respective trading pair,” stated the announcement.

Deposits for these tokens will not be credited from December 18 onwards, and withdrawals will cease after February 16, 2026.

Market reactions to such announcements often lead to sharp dips in the prices of the involved tokens. The affected cryptocurrencies had experienced notable increases prior to this news, but they are currently facing declines, with FIS and REI dropping 2% in value while VOXEL remains stable.

The decision to remove these assets can diminish their liquidity and availability, risking reputational damage for Binance. Approximately a month earlier, the exchange removed Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP), which also led to noticeable losses for those assets.

Past Changes

Apart from delisting underperforming cryptocurrencies, Binance frequently updates its platform by adding new trading pairs to improve user experience. Recently, they introduced 31 new pairs, including popular options like BTC/IDR and XRP/IDR, particularly aimed at traders in Indonesia, a fast-growing market in cryptocurrency adoption.

This change facilitates local traders’ access to the market without needing to convert their funds into other fiat currencies.