- Binance delists three altcoins and suspends services on 14 networks.
- Users must close positions before the May 9 delisting deadline.
- Binance pauses services to support Ethereum’s blockchain upgrade.
One of the world’s largest cryptocurrency exchanges, Binance, has officially announced the delisting of three altcoins on its platform, effectively terminating trading activities for these specific digital assets. This move follows wider platform enhancements and strategic realignments, which the exchange will also use as an opportunity to suspend withdrawal and deposit services across fourteen blockchain networks.
This is the next step following Binance’s update of its platform to remove underperforming trading pairs that have seen the company pause network operations that it regarded as inefficient or high risk. The latest announcement further validates the platform’s continued efforts to improve compliance, security, and user experience. However, such a move has caused worry for users as some features will be lost, and asset liquidity will probably decline.
Binance Urges Users to Close Positions Before Delisting
Binance reveals that at 03:00 UTC on May 9, 2025, trading pairs ANIME/BNB, STRK/BTC, and THE/BTC will be removed from the platform. This is due to consistently low trading volumes and liquidity, which the platform says negatively affect trading quality and improve user protection. These pairs are on the way out, and Binance has been urging users holding them to convert or close positions before they are removed.
As part of support for Ethereum’s forthcoming blockchain network upgrade, Binance will temporarily suspend deposit and withdrawal functions on fourteen blockchain networks at 09:45 UTC on 07 May 2025, about 20 minutes before the planned upgrade, which is scheduled for 10:05 UTC.
Affected Networks Include Ethereum, Arbitrum, and More
The affected networks include Ethereum, Arbitrum, Optimism, zkSync Era, Base, Manta Network, Starknet, Polygon, Metis, Scroll, Cyber, Metal DAO, Celo, and Worldcoin. The Ethereum upgrade is complete, and the platform will confirm that the network is stable, at which point services will resume on the Ethereum chains. Binance will continue.
These developments echo Binance’s ongoing commitment to ensuring a secure, reliable trading infrastructure in the face of continually emerging blockchain tech. Some users have expressed exasperation about the brief service interruptions, but Binance has stressed that such intervention is vital to securing the platform’s integrity during main system transitions.
