What Does This Mean for Investors? 

• Positions May Be Closed Automatically: Open positions will be automatically settled during the delist process. Investors are strongly advised to close positions in advance to avoid unexpected liquidations. 
• No New Positions: Starting from October 3, 2025, 08:30 (UTC), new positions cannot be opened on HIFIUSDT or BAKEUSDT perpetual contracts. 
• Increased Volatility Risk: Liquidity may decrease and price volatility may rise during the final hour before delisting. Investors should actively monitor their positions. 
• Additional Protective Measures: Binance Futures may take measures such as adjusting leverage, position value, maintenance margin, funding rates, and using the Last Price Protected mechanism to minimize risks in volatile conditions. 

Investors holding HIFIUSDT or BAKEUSDT perpetual contracts should manage their positions carefully before the delisting time to minimize risk. The process may affect both open positions and market dynamics. 

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Why is Binance Delisting BAKE Token? 

Binance regularly reviews listed projects and evaluates them based on specific criteria. These include team commitment, development activity, trading volume, liquidity, community support, and regulatory compliance. BAKE was delisted because it did not meet these standards. 

CMC AI noted that Binance added BAKE to its “High Risk Monitoring” program, which could reduce investor participation. The platform also highlighted BAKE’s low team activity and lack of technical progress. Binance defended the decision, stating that projects not meeting standards or showing weak market dynamics are reviewed more thoroughly. 

Market Reaction: Why Did the Price Rise? 

After the delisting announcement, many investors expected selling pressure, but BAKE’s price surged instead. The main reasons include low liquidity and speculative buying. Investors viewing it as a “last buying opportunity” also contributed to the rapid price increase. 

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This decision will affect stablecoin assets such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC and PAXG. Trading pairs of these stablecoins will be removed for users in the EEA region only. Binance stated that it took this step to comply with MiCA regulations.

MiCA Regulations and Binance’s Decision

MiCA, the European Union’s new digital asset regulation, requires stablecoin issuers to comply with certain legal frameworks. Under these regulations, stablecoin issuers must obtain regulatory approval in the EU and be subject to financial audits. Global exchanges such as Binance are removing stablecoin trading pairs to comply with MiCA rules.

Binance’s decision is part of the platform’s effort to align its European operations with regulators. The company states that it may continue to list stablecoins that comply with MiCA regulations in order to protect its users in the EEA region. However, it is currently unclear which stablecoins will continue to be supported in the EEA region in the future.

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The exchange will completely remove USDt from its platform starting March 31, to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

Alongside USDT, PayPal USD, Tether EURt (EURT), TrueUSD, and TerraClassicUSD (UST) will gradually no longer be supported in the European market.

The company stated, “These changes are being made to ensure Kraken remains compliant and can provide an exceptional trading experience to its European clients in the long term.”

Gradual Delisting Process

In line with the provisions set by the European Securities and Markets Authority (ESMA), Kraken will gradually phase out USDT support.

First, Kraken will set margin pairs involving the affected assets to “reduce-only” mode for European Economic Area (EEA) clients on February 13. Following this restriction, EEA users will only be able to reduce or fully close out existing margin positions.

By February 27, Kraken will put the affected tokens in “sell-only” mode, preventing EEA clients from generating deposit addresses for tokens like USDT but still allowing trading.

On March 24, Kraken will halt all spot trading for the affected assets, closing all open orders and converting them to other coins or fiat currencies.

Kraken stated that all EEA clients holding these assets as of March 31, 2025, will have their balances converted to an equivalent stablecoin and added:

“Assets deposited into existing addresses after the above deadlines will only be eligible for withdrawal.”

Kraken emphasized that the delisting process will only affect EEA clients, with affected regions including 30 countries such as Austria, Cyprus, Czech Republic, Malta, Portugal, Spain, and Sweden.

ESMA Warns: Kraken and Crypto.com Moving Toward Compliance

ESMA warned that abrupt delisting actions could lead to disorderly markets and highlighted the importance of a gradual process. Kraken’s announcement came after Crypto.com confirmed it would delist USDT and nine other stablecoins by January 31, 2025.

Crypto.com will give users until the end of Q1 2025 to convert affected tokens to MiCA-compliant tokens. Otherwise, the tokens will be automatically converted to a compliant stablecoin.

ESMA has called for the restriction of MiCA non-compliant coins starting in mid-January and recommended the compliance process be completed by the end of Q1 2025. Kraken and Crypto.com are among the first exchanges in 2025 to announce delisting non-compliant coins, following Coinbase’s delisting of eight tokens, including USDT, in December 2024.

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Until March 31, Tokens Can Be Converted

Crypto.com will stop trading USDT and nine other tokens as of January 31. However, users will have until March 31, 2025 to withdraw or convert these tokens into MiCA-compliant assets. Any tokens not converted after this date will be automatically converted by the exchange into MiCA-compliant stablecoins or assets equivalent in value.

Crypto.com’s representative stated that this process is an important step to protect users and ensure full compliance with the regulatory framework.

Which Tokens Will Be Delisted?

Among the tokens that Crypto.com will delist are the following:

• Tether (USDT)
• Wrapped Bitcoin (WBTC)
• Dai (DAI)
• Pax Dollar (PAX)
• Pax Gold (PAXG)
• PayPal USD (PYUSD)
• Crypto.com Staked ETH (CDCETH)
• Crypto.com Staked SOL (CDCSOL)
• Liquid CRO (LCRO)
• XSGD (XSGD)

These tokens are being delisted in line with the European Securities and Markets Authority’s (ESMA) announcement to limit non-MiCA-compliant stablecoins as of January 31, 2025.

Expanding Delist Trend for Tether (USDT)

Crypto.com’s delisting of USDT is one of the latest developments in the process of European exchanges and service providers adapting to MiCA regulations. Coinbase had delisted USDT in October 2024 on the grounds that it was not MiCA-compliant . Coinbase had given its customers the option to convert their USDT into MiCA-compliant stablecoins, specifically Circle’s USDC.

With MiCA in full effect, many crypto asset service providers in Europe have obtained or are working to obtain MiCA licenses. Crypto.com is also in the process of obtaining a license in Malta.

The Competition Between USDT and Its Rivals

USDT is the largest stablecoin in the market with a market capitalization of $139 billion. However, its rival USDC, which benefits from MiCA compliance, is currently in second place with a market capitalization of $52 billion. Circle’s USDC was approved as MiCA-compliant in July 2024, enabling the USDC to gain acceptance in the European market.

Impact of MiCA Regulations on the Industry

MiCA regulations aim to make the operations of crypto asset service providers more transparent and compliant. However, the fact that the market’s largest stablecoins, especially USDT, are not covered by MiCA may affect investors’ preferences. After March 31, USDT is expected to be completely abolished in Europe, and the impact of this on the market is a matter of curiosity.

Crypto.com’s move is seen as an important milestone on the road to compliance with MiCA regulations. However, these changes could reshape the dynamics of the cryptocurrency market.

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Which Trading Pairs Will Be Delisted?

Starting from 2025-01-17 03:00 (UTC), trading will cease for the following pairs: BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.

What Should Users Do?

To avoid potential losses, Binance has advised users:

1. Those using Spot Trading Bots for the affected pairs should update or cancel their bots before the specified date.
2. The delisting of these pairs will not impact the ability to trade the base and quote assets through other trading pairs available on Binance.

Why Was This Decision Made?

Binance conducts regular evaluations of its trading pairs, considering factors like low liquidity, poor trading volume, and overall market conditions. The goal is to create a safer and more efficient trading environment for investors.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

According to Binance, users can still trade the underlying assets of delisted pairs through other trading pairs on the platform. For the most accurate information, users are advised to refer to the original English version of the announcement.

This decision by Binance could contribute to a more stable market structure.

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Following recent evaluations, the decision has been made to suspend trading for several trading pairs.

When Will the Trading Suspension Begin?

Binance will suspend trading for the following pairs effective January 10 at 06:00:

• AXL/FDUSD
• C98/BTC
• ENJ/ETH

Users are advised to review their current positions and complete necessary transactions before the suspension takes effect.

What Factors Influence Binance’s Decision to Suspend Trading?

When Binance decides to delist or suspend trading for a trading pair, it evaluates various factors. These factors include trading volume, liquidity, market stability, and user experience.

Additionally, trading pairs that do not meet Binance’s high standards may be removed to enhance the ecosystem’s reliability and provide a more efficient trading environment.

Such decisions by Binance support the goal of improving user experience and creating a more sustainable cryptocurrency ecosystem.

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OMG Network (OMG)OMG Network entered the market with Plasma technology, a Layer-2 solution aimed at scaling Ethereum and reducing transaction fees. The project promised to solve one of Ethereum’s biggest issues—high gas fees. However, it struggled to compete with other Layer-2 solutions like Optimism and Arbitrum, lost user interest, and was ultimately delisted from Binance.

Waves (WAVES)
Waves aimed to offer fast and scalable solutions for smart contracts and decentralized applications (dApps). The project stood out with features like easy token creation for businesses, staking, and a decentralized exchange (DEX). However, as development activities slowed and competition intensified, Waves was also delisted from Binance.

Wrapped NXM (WNXM)

NEM (XEM)NEM was a blockchain platform designed to make creating smart assets easier, especially for businesses. It introduced the Proof of Importance (PoI) algorithm, which offered an energy-efficient consensus mechanism. However, due to declining market demand and a slowdown in development activities, NEM was also delisted from Binance.

REEF Finance (REEF)<
REEF Finance aimed to simplify liquidity provision in the DeFi space by aggregating liquidity from centralized and decentralized exchanges. Despite being an ambitious project, competition in the DeFi space and liquidity challenges led to REEF’s removal from Binance.

Loom Network (LOOM)<
Loom Network offered a Layer-2 solution to accelerate dApps built on Ethereum, specifically targeting large-scale games and social networks. Over time, however, it fell behind in the competitive landscape and was delisted from Binance.

Voyager Token (VGX)

PowerPool was a project designed to aggregate governance tokens from DeFi protocols, enabling smaller investors to participate in governance. However, CVP failed to gain sufficient adoption and was delisted from Binance.

Ellipsis (EPX)

Ellipsis, built on Binance Smart Chain, aimed to provide stablecoin trading with low slippage. Despite its goals, the project struggled to attract attention in the DeFi market, and EPX was removed from Binance after failing to meet the exchange’s stringent listing standards.

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• ALCX/BTC
• BCH/TUSD
• CHZ/BRL
• ETHFI/BNB, 
• OMNI/BRL

Aiming to maximize market efficiency, this choice is motivated by elements including poor liquidity and trading volume.

Impact on Trading

The delisting of some pairs has no effect on the token availability on Binance’s platform. Users can keep trading the base and quote assets using other suitable pairs. Binance will also stop Spot Trading Bot operations concurrently for the impacted pairings. To prevent any losses, users should change or cancel their Spot Trading bots.

Binance’s Commitment to Market Quality

This action is a part of Binance’s continuous attempts to guarantee a safe and quick trading platform. Frequent reviews help to keep a dynamic trading environment fit for user needs and market conditions.

For further details, visit the official Binance announcement page.

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In a statement released on Friday, Binance stated that it would be delisting certain crypto trading pairs from its Binance Spot platform. This decision affects significant cryptocurrencies such as Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE), among others. As a result, users will no longer be able to trade these cryptocurrencies in specific trading pairs, potentially impacting their price movements.

The delisting of trading pairs by the crypto exchange is a routine occurrence, often influenced by factors such as low liquidity, insufficient trading volume, or a lack of demand for certain pairs.

Binance’s Announcement Regarding Spot Trading Pair Delisting

In an official announcement on April 10, Binance disclosed that it would be removing six crypto spot trading pairs from its platform. The exchange clarified that this action is part of its regular review process of all listed spot trading pairs, aimed at safeguarding users and maintaining a high-quality trading environment.

The spot trading pairs set to be delisted by Binance are BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.

These affected spot trading pairs will cease trading activity from 03:00 UTC on April 12. However, users will still have the option to trade these cryptocurrencies through other available spot trading pairs on the Binance platform.

Additionally, Binance will discontinue support for these spot trading pairs on its bot services. Users are advised to update or cancel their spot trading bots before the deadline to mitigate any potential losses.

Price Movement of Delisted Cryptocurrencies

In response to the delisting announcement, the price of Uniswap (UNI) has experienced a slight decline of over 1% in the past 24 hours, currently trading at $11.10. Moreover, the trading volume has decreased by 5% during this period, indicating a decrease in market interest.

Similarly, Optimism (OP) and BakerySwap (BAKE) have both witnessed a decline of 6% and 4%, respectively, in the last 24 hours. The trading volumes of these tokens have also been adversely affected following Binance’s announcement.

Other cryptocurrencies, including Space ID, MOBOX, and Radiant Capital, have also experienced significant price decreases in the past 24 hours, with the downward trend persisting in recent hours.

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