The world’s largest cryptocurrency exchange continuously evaluates the digital assets listed on its platform to ensure they meet high standards and regulatory requirements.

On October 29, Binance announced that it would cease trading services for three altcoins that failed to meet these criteria, resulting in increased volatility for these assets.

The Binance Impact

Following its latest assessment, Binance decided to delist the following cryptocurrencies:

• Flamingo (FLM)
• Kadena (KDA)
• Perpetual Protocol (PERP)

Trading for these assets will be eliminated from November 12.

“The token’s value will no longer be visible in users’ accounts post-delisting. Users must avoid selecting ‘Hide Small Balances’ to view their assets post-trading,” the company explained. “Deposits for these tokens will not be credited after November 13, 2025. Withdrawals will not be possible after January 12, 2026.”

Such decisions often lead to adverse price reactions, as they impact liquidity and visibility, further damaging the reputation of the affected cryptocurrencies.

KDA faced the most significant downturn, witnessing a near 30% drop, reaching an all-time low of $0.04 (according to CoinGecko). PERP also fell sharply, reporting a 15% decrease.

Interestingly, FLM’s response was unexpected, as its price surged to a one-month peak of $0.03 before slightly falling to $0.02, marking a 25% increase in the last 24 hours—a behavior typically associated with the introduction of new cryptocurrencies on Binance, rather than losing support.

Previous Instances

About a month prior, Binance launched a perpetual contract for FLUID/USDT with leverage up to 75x, which saw a 55% increase shortly thereafter. This highlights the significant influence Binance has on altcoin prices, shaping the trading ecosystem continuously.