Binance To Delist FTX With 16 Other Altcoins? Vote Sparks Delisting Fears
Binance, known as the world’s largest cryptocurrency exchange, has recently completed the second round of its “Vote to Delist” campaign, sparking concerns within the crypto market. This campaign allows users to vote on whether certain altcoins should remain listed on the platform. Although the voting does not directly determine the outcome, it serves as a strong signal to Binance’s internal review team.
The results of the campaign have raised alarms for 17 altcoins, including the once-prominent FTX Token (FTT), which now faces the risk of being delisted. FTT, the native token of the collapsed FTX exchange, received the most votes for potential delisting, securing 11.1% of the total. The token has been under scrutiny since FTX’s downfall in November 2022 and has continued to trend downward in 2025, with a 4.1% drop in price in the last 24 hours, trading at $0.81.
Binance has clarified that while the vote is significant, it will not be the sole factor in deciding whether a token will be removed. The final decision will be based on the exchange’s internal review standards, which consider factors such as volatility, activity, and overall risk.
In addition to FTT, other altcoins under pressure include Zcash (ZEC), JasmyCoin (JASMY), GoPlus Security (GPS), and PlayDapp (PDA), all receiving significant percentages of the votes. Tokens like Voxies (VOXEL), Alpaca Finance (ALPACA), STP Network (STPT), and Flamingo Finance (FLM) also faced notable votes and subsequent price drops. JASMY and STPT experienced the most significant declines, both dropping nearly 6%.
Although no final decisions have been made, the voting patterns suggest a growing caution within the community towards certain tokens. The list of potentially delisted tokens also includes ARK, Biswap (BSW), MovieBloc (MBL), Wing Finance (WING), Ardor (ARDR), Perpetual Protocol (PERP), NKN, and LTO Network, all receiving smaller but noteworthy shares of the vote.
As the crypto space becomes more community-driven, these votes provide insight into shifting user confidence. While the outcomes are pending, the affected projects may encounter significant challenges in the future. Stay tuned for more updates in the ever-evolving world of cryptocurrency.
