See which cryptocurrencies will be removed from the Binance platform on November 12.
The world’s largest cryptocurrency exchange periodically reviews every digital asset listed on its platform to ensure it maintains a high level of standards and industry requirements.
Earlier today (October 29), it announced that it will end all trading services for three altcoins that no longer meet the criteria. As expected, the announcement caused massive volatility in the affected coins.
The Binance Effect
Based on the most recent reviews, the company decided to remove Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP). Operations with these coins will no longer be available from November 12.
“The token’s valuation will no longer be displayed in users’ accounts after deletion. To view their assets after trading has stopped, users must ensure that they have not selected “Hide small balances” in all their accounts. Deposits of these token(s) will then no longer be credited to users’ accounts 2025-11-13 03:00 (UTC). Withdrawals of these token(s) from Binance will no longer be supported after this 2026-01-12 03:00 (UTC),” the company clarified.
Such efforts typically have a negative impact on the prices of the cryptocurrencies involved, as they reduce liquidity, reduce visibility and cause reputational damage.
KDA took the biggest hit, with its valuation falling nearly 30% on a daily basis to an all-time low of $0.04 (according to CoinGecko data). PERP also fell with a loss of 15%.
However, FLM’s response was quite surprising. The asset’s price exploded to a one-month high of $0.03 before falling back slightly to $0.02, marking a 25% increase over the past 24 hours. Typically, this type of trajectory occurs when Binance embraces a new cryptocurrency, rather than when it stops providing trading services for a previously listed cryptocurrency.
The previous cases
About a month ago, Binance launched the FLUID/USDT perpetual contract with up to 75x leverage. This is a type of product without an expiration date that allows users to speculate on the price of the asset with borrowed money without owning it. FLUID’s valuation shot up 55% shortly after the announcement.
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Before that, the exchange introduced the STBL/USDT perpetual contract with up to 50x leverage. The price of the cryptocurrency involved exploded by almost 500% following the news.
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