Binance introduces review mechanism to remove unqualified tokens

Binance announced connected March 12 that its Alpha level has implemented a caller broad token reappraisal model that volition purpose to region tokens that don’t conscionable definite quantitative and qualitative criteria.

The quantitative metrics see trading measurement stability, liquidity depth, frequence of onchain transactions and organisation of tokenholders. The qualitative metrics see task squad credibility, adherence to regulatory compliance, assemblage popularity and more.

Tokens that don’t conscionable these standards volition beryllium removed from Binance Alpha, the announcement said.

Binance Alpha is simply a level wrong the company’s Wallet work that highlights caller and early-stage crypto projects that “may person the imaginable for growth,” according to a Binance nonfiction astir the platform. The level launched successful December 2024 with the extremity of showcasing 5 tokens per day.

According to CoinGecko, the Binance Alpha Spotlight coins person a marketplace capitalization of $6.4 billion, with a 24-hour emergence of 3.7% astatine the clip of this penning and a trading measurement of $1.4 billion.

Flood of caller coins shaking up listing procedures

Crypto exchanges, including Binance, are retooling their listing process to relationship for the emergence successful tokens, which has boomed to implicit 10 cardinal successful the past 3 years and continues to grow. On Feb. 8, 2025, the full fig of coins listed connected CoinMarketCap was nearing the 11 cardinal mark. At the clip of this writing, the fig listed has risen to 12.5 million.

Related: Abu Dhabi’s MGX backs Binance with $2B stablecoin investment

On March 9, Binance announced a caller assemblage ballot mechanism to assistance find what coins would beryllium listed connected the exchange. Under the caller rules, users volition beryllium capable to ballot connected which tokens to database oregon delist, though Binance inactive has last support connected what tokens volition beryllium listed.

Coinbase is rethinking its token listing procedures arsenic well. In a Jan. 24 X post, the exchange’s CEO, Brian Armstrong, said, “We request to rethink our listing process astatine Coinbase, fixed determination are ~1 cardinal tokens a week being created now, and growing.”

Armstrong called for regulators to instrumentality a much pragmatic approach, adding that “it needs to determination from an let database to a artifact database and utilize lawsuit reviews and automated scans of onchain information to assistance customers sift through.”

Many of the caller tokens person travel from the memecoin craze, which has seen a daily issuance of astir 40,000 coins oregon much conscionable connected Solana from November 2024 to February 2025. However, the memecoin marketplace has cooled arsenic of late, with caller launches connected Pump.fun down 80% since its peak arsenic of Feb. 27. 

Magazine: X Hall of Flame: DeFi volition emergence again aft memecoins dice down: Sasha Ivanov