Binance announced that it will end spot trading for Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) on May 27, 2026.
All five tokens dropped sharply after the Binance delisting news. SYS fell 33.77%, ATA slid 33.33%, PHB lost 31.58%, MLN dropped 27.71%, and FARM declined 23.33% on Binance spot markets.
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What Token Holders Need To Know
In the latest announcement, Binance said that it will “delist and cease trading on all spot trading pairs” for the tokens at 3 a.m. UTC on May 27. The exchange will automatically cancel all trade orders. Trading bots tied to these pairs will also stop.
In addition, Binance will stop crediting deposits after 3 a.m. UTC on May 28. Withdrawals will remain open until 3 a.m. UTC on July 27, 2026.
Meanwhile, Binance Futures will close all positions and settle the relevant contracts on May 19 at 9 a.m. UTC. Margin and loan products will wind down before the spot delisting.
“Delisted tokens may be converted into stablecoins on behalf of users after 2026-07-28 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is not guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion,” the exchange added.
Why Is Binance Delisting 5 Altcoins
The exchange periodically reviews listed assets against a set of public metrics. These include trading volume, liquidity, development activity, team commitment, and regulatory factors, Binance stated in the announcement.
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” it said.
In April, the exchange added the Monitoring Tag to Harvest Finance, Enzyme, and Syscoin, signaling possible future removal.
The Monitoring Tag has previously preceded delistings. Past cases include Beefy Finance (BIFI) and Orchid (OXT), both of which were dropped after similar warnings.
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The post 5 Altcoins Record Double-Digit Losses After Binance Delisting Call appeared first on BeInCrypto.
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