Binance's Delisting Vote Stirs Turbulence for Top Altcoins

Binance, the world’s largest cryptocurrency exchange, recently conducted a vote asking users to decide which altcoins should be listed or delisted. The results revealed that the top five altcoins receiving the most votes were FTT with 11.1%, ZEC with 8.6%, JASMY with 8.6%, GPS with 8.2%, and PDA with 7.6%. Notably, the inclusion of the privacy-focused altcoin ZEC in the delisting vote has ignited significant backlash within the industry. Binance clarified that the outcome of the vote is not the final determiner for delisting decisions, as additional factors, including comprehensive project evaluations and the exchange’s internal review processes, will also be considered. The timing of any delisting actions will depend on Binance’s procedures, leaving the future of these altcoins, particularly those voted for delisting, mired in uncertainty and potential short-term volatility.