Binance delists AMB, CLV, STMX, VITE

Binance is about to cancel the listing of 4 tokens

Binance announced that it will de-list four AirDAO (AMB), CLV (CLV), StormX (STMX) and VITE (VITE) tokens. The move is part of a routine review process, which aims to ensure digital assets on the floor meet high standards and are in line with market conditions.

Binance said the decision to de-list was made after considering many factors such as:

• The level of commitment of the development team
• Project Progress
• Trading volume
• Liquidity
• Stability of the network
• The degree of transparency in communication.

In addition, factors such as Binance's ability to meet due diligence requirements, new legal standards, and any evidence of fraud or poor performance may influence the final decision.

Accordingly, the trading pairs of AMB, CLV, STMX and VITE will be removed from the platform, the relevant trading orders will be canceled. After February 25, Binance will stop supporting the deposit of these tokens. And until April 24, users will also not be able to withdraw them from the exchange.

Not only did the spot market impact, but the decision also brought a series of changes to Binance's derivatives and other financial services.

From January 21, AMBUSDT and STMXUSDT futures will be liquidated early. Margin trading will also stop supporting these tokens from February 20. At the same time, other products such as Auto-Invest, Gift Card, Binance Pay, Spot Copy Trading and Trading Bots will also stop supporting delisted tokens in turn.

Currently, these 4 tokens have fallen by 4-33% in just one hour after Binance's announcement.

The fate of the tokens after being de-listed

A de-listing on a major exchange like Binance often entails negative investor sentiment. It will put strong bearish pressure on the tokens involved. When liquidity drops, retail investors tend to sell off to avoid getting stuck in hard-to-trade assets.

Such as WazirX. At the end of December 2024, Binance de-listed WazirX (WRX). The reason is that the project is directly related to the ongoing troubles in India.

The Delhi court has ordered the opening of a new investigation into WazirX in relation to the more than $235 million hack that took place in July 2024. The incident caused the value of the WRX to plummet by 59%. The price of WAVES has also fallen by more than 35% after the announcement from Binance.

However, not all tokens fell after being de-listed. Whether AMB, CLV, STMX and VITE are resilient will depend a lot on the development potential of each project, support from the community as well as the ability to re-list on other exchanges.

Binance's de-listing of these four tokens is part of a screening process to maintain a transparent and efficient trading ecosystem. Market history shows that not every token that is de-listed depreciates, and in some cases, being removed from Binance may even be the springboard for the token to explode again.