Binance announced it has delisted five cryptocurrencies following periodic listing reviews. The exchange will remove all spot trading pairs for Automata Network (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) as of May 27, 2026, at 06:00. Following the decision, sharp price movements were observed in these altcoins. According to market data, ATA fell approximately 23.35% to $0.0083085, FARM fell 17.25% to $10.34, and MLN fell 22.33% to $2.43. On the Phoenix side, PHB dropped 20.48% to $0.1005004, while Syscoin traded around $0.0080227, a loss of 23.16%.
Binance lists reasons for delisting
In its statement, Binance stated that listed digital assets are re-evaluated periodically. The exchange stated that if a coin or token no longer meets the established standards or if industry conditions change, a more comprehensive review is conducted, and a delisting decision may be made.
These reviews do not only consider price performance. Binance explained that it looks at many factors such as the commitment of the project team, the level and quality of development activities, trading volume, liquidity, network security, community communication, transparency, regulatory requirements, and changes in the token economy. In addition, unethical behavior, suspicion of fraud, negligence, changes in project ownership, and community sentiment can also be influential in the decision-making process.
As a result of the latest evaluation, it was decided to end trading support for ATA, FARM, MLN, PHB, and SYS on the Binance spot market. This decision means a significant reduction in the visibility and liquidity of these tokens in the Binance ecosystem.
Spot trading, bots, and copy trading will be affected
The delisting process will not be limited only to the removal of spot trading pairs. Binance announced that all open orders in the relevant spot pairs will be automatically canceled after trading ceases. Therefore, users need to check their open orders and positions in advance.
The exchange also announced that its Trading Bots service will end on May 27, 2026 at 06:00. Binance advised users to update or cancel their trading bots before the delisting time to avoid potential losses.
On the Spot Copy Trading side, the schedule starts earlier. Binance Spot Copy Trading will remove the relevant trading pairs on May 20, 2026 at 06:00. After this date, remaining assets may be compulsorily sold at market price, or amounts too small to be sold may be transferred to the Spot Account. Therefore, users holding these assets in their copy trading portfolios need to act sooner.
Deadlines for deposits and withdrawals announced
Binance also shared the schedule for deposits and withdrawals for the tokens to be delisted. Accordingly, ATA, FARM, MLN, PHB, and SYS deposits will no longer be reflected in user accounts after May 28, 2026, at 06:00. The deadline for withdrawals is July 27, 2026, at 06:00. After this date, withdrawal support for these tokens will no longer be available through Binance. Users who wish to transfer their assets to other wallets or platforms supporting these tokens should take these dates into account. Binance also stated that the delisted tokens may be converted to stablecoins on behalf of users after July 28, 2026, at 06:00. However, it was specifically emphasized that this conversion is not guaranteed. If such a transaction occurs, Binance will publish a separate announcement, and the stablecoins will be transferred to user accounts after the conversion.
