Token

Bluzelle

Impact

WazirX

Global cryptocurrency exchange Binance has announced the delisting of three altcoins: Bluzelle (BLZ), Kaon/Akropolis (AKRO), and WazirX (WRX). The removal will take effect on December 25, 2024, impacting several trading pairs and associated services. This decision has triggered significant price drops across these tokens. Here are the details. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Binance Announces Delisting of BLZ, WRX, and AKRO Tokens: Prices Plummet = The Bit Journal" width="728" height="90" title="Binance Announces Delisting of BLZ, WRX, and AKRO Tokens: Prices Plummet 67" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a> 
<h2 id="binance-s-standards-for-token-listings">Binance’s Standards for Token Listings</h2> 
Binance regularly reviews the tokens it lists to ensure they meet high standards and align with evolving industry requirements. According to the official statement: 
<blockquote>
 “We periodically review each listed cryptocurrency to ensure it continues to meet our high standards and sector requirements. If a token no longer meets these criteria or if market conditions change, we conduct a deeper evaluation and may decide to delist it.”
</blockquote> 
The platform considers various factors during these reviews, including: 
<ul data-spread="false"> 
 <li>Team commitment to the project</li> 
 <li>Quality and frequency of development activities</li> 
 <li>Trading volume and liquidity</li> 
 <li>Network stability and security</li> 
 <li>Response to due diligence requests</li> 
 <li>Evidence of unethical or fraudulent behavior</li> 
 <li>Compliance with regulatory requirements</li> 
</ul> 
The goal, according to Binance, is to maintain a healthy and sustainable crypto ecosystem while providing the best services and protection for its users. 
<h2 id="delisted-trading-pairs-and-services">Delisted Trading Pairs and Services</h2> 
As of December 25, 2024, at 06:00 UTC, the following trading pairs will be removed: AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. All open orders will be automatically canceled once trading ends. Additionally, the withdrawal support for these tokens will cease on February 25, 2025. 
This decision also affects other Binance services, such as Binance Futures, Binance Margin, and Binance Simple Earn, which will no longer support these tokens. 
<img loading="lazy" decoding="async" class="size-full wp-image-77417 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a.webp" alt="Binance Announces Delisting of BLZ, WRX, and AKRO Tokens: Prices Plummet = The Bit Journal" width="1792" height="1024" title="Binance Announces Delisting of BLZ, WRX, and AKRO Tokens: Prices Plummet 68" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/Binances-delisting-of-BLZ-WRX-and-AKRO-tokens.-The-design-features-digital-coins-representing-BLZ-WRX-a-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="price-impact-following-the-announcement">Price Impact Following the Announcement</h2> 
Following Binance’s announcement, all three tokens experienced substantial price declines: 
<ul data-spread="false"> 
 <li>AKRO fell by 32%, trading at $0.0028.</li> 
 <li>Bluzelle (BLZ) dropped 19.55%, now priced at $0.1119.</li> 
 <li>WazirX (WRX) saw the steepest decline, losing 41% and trading at $0.14.</li> 
</ul> 
These sharp declines reflect market uncertainty and reduced confidence in the affected tokens. 
<h2 id="what-this-means-for-the-crypto-ecosystem">What This Means for the Crypto Ecosystem</h2> 
The delisting of these tokens underscores Binance’s commitment to ensuring the integrity of its platform. For traders and investors, this serves as a reminder of the importance of evaluating the long-term sustainability and compliance of projects within the volatile crypto market. As <a href="https://thebitjournal.com/binance-inflows-crash-competitors-party-with-record-24-billion-target/" target="_blank" rel="noopener">Binance</a> continues to adapt to changing market dynamics, its actions could influence broader delisting strategies across the industry. 
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</ul> 
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Binance Announces Delisting of BLZ, WRX, and AKRO Tokens: Prices Plummet

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