On April 1 at 3:00 UTC, Binance will remove eight tokens from its platform. The world’s largest cryptocurrency exchange by volume reported that the affected assets are: A2Z, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, and SXP. Following the announcement made this March 18, the market reacted immediately with severe price drops, most notably the crashes of IDEX and LRC, which lost over 25% of their value in just a few hours.
This market action demonstrates Binance’s significant influence on global liquidity; for lower-capitalization projects, losing access to this platform typically results in a substantial decrease in retail reach. According to the official statement, the decision follows periodic reviews that evaluate factors such as trading volume, network stability, and development commitment. Other assets like FORTH, HOOK, and NTRN also suffered retreats exceeding 20%, reflecting investor panic over the loss of exchange support.
In summary, users have until March 24 to close Futures and Margin positions, while spot trading will cease on April 1. Deposits will not be credited after April 2, and fund withdrawals will remain available only until June 1, 2026.
Source:https://n9.cl/2wqhdn
Disclaimer: Crypto Economy Flash News is compiled from official and public sources verified by our editorial team. Its purpose is to provide rapid information on relevant events within the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.
