The world’s largest cryptocurrency exchange, Binance, has announced it will cease all trading services for three specific cryptocurrencies. This delisting process is scheduled to occur in mid-December, and the announcement has already begun to impact the prices of the affected tokens.
Assets Being Removed
Binance periodically reviews each digital asset listed on its platform to ensure it meets important criteria. These criteria include the commitment of the project team, the level and quality of development activity, trading volume, network security against attacks, and community sentiment, among others. Following its latest analysis, Binance has decided to terminate all services involving StaFi (FIS), REI Network (REI), and Voxies (VOXEL) starting December 17.
“The spot trading pairs of the aforementioned tokens will be removed. All trade orders will be automatically removed after trading ceases in each respective trading pair,” the exchange stated in its disclosure.
Binance has clarified that deposits of these cryptocurrencies will no longer be credited to users’ accounts after December 18. Withdrawals for these tokens will become unavailable after February 16, 2026.
As a leading platform in the cryptocurrency space, announcements of delistings from Binance typically lead to sharp declines in the prices of the involved tokens. The cryptocurrencies included in this latest delisting effort had been charting impressive spikes prior to the disclosure, coinciding with a broader revival in the crypto market. However, after the news broke, their prices headed downwards. FIS and REI are currently down 2% for the day, while VOXEL remains in positive territory.
When an exchange withdraws support for a digital asset, it typically reduces liquidity and availability, while also causing reputational damage. Approximately one month prior, Binance terminated all services for Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP), which triggered double-digit losses for those affected assets.
Recent Platform Additions
In addition to removing cryptocurrencies that no longer meet its standards, Binance frequently adds new trading pairs to its platform to enhance the user experience. Towards the end of November, the exchange included 31 new pairs to its spot trading program. These additions included pairs such as BTC/IDR, XRP/IDR, DOGE/IDR, and ADA/IDR, among many others.
This initiative was specifically tailored for Indonesian users, as IDR is the symbol for the national currency of Indonesia. Indonesia represents a significant market for cryptocurrency, with adoption rates placing it among the top 10 globally.
The introduction of direct trading pairs between multiple digital assets and the Indonesian Rupiah is expected to simplify the process for local traders to enter and exit the crypto market without the initial step of converting their funds into other fiat currencies.