The crypto market has been revitalized by Binance's new delisting move. The world's largest exchange announced that it will terminate trading support for Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). This decision quickly resonated with investors; some projects experienced sharp declines, while others experienced unexpected gains. FLM's double-digit increase, in particular, created a speculative atmosphere in the market despite the delisting news.
Delisting Process and Key Dates
Binance, the world's largest cryptocurrency exchange, has decided to delist three major altcoins. This decision for Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) has created both surprise and volatility in the markets. The sudden surge in FLM prices, in particular, has attracted investor attention.
According to Binance's official announcement, spot trading for FLM, KDA, and PERP will be terminated on November 12, 2025, at 06:00 CET. Deposits made after November 13th will not be reflected in exchange accounts; withdrawals will be completely suspended on January 12, 2026. The exchange also announced other services that will be affected by the delisting: Spot Copy Trading will be terminated on November 5th, margin trading on November 4th, and mining pool services on the same date. The Convert feature will also be disabled as of November 6th.
Futures contracts will continue to be traded, but Binance stated that additional risk management measures may be applied to these contracts.
Binance's Reason for Delisting
The exchange emphasized that delisting decisions are the result of a routine review process. Binance stated that they regularly evaluate each listed digital asset, scoring them based on criteria such as team commitment, development activity, trading volume, liquidity, network security, transparency, and regulatory developments. The statement read:
“When a token or coin no longer meets our standards or when market conditions change, we conduct a more in-depth review and, if necessary, delist. Our priority is to protect our users and maintain service quality.”
Market reaction: FLM surges, KDA and PERP decline
The market reacted mixed to the decision. While delisting news typically drives investors to sell, the price of Flamingo (FLM) reacted in the opposite direction. FLM surprised investors by rising 19.7 percent following the decision. This was reminiscent of the over 70 percent surge of Alpaca Finance (ALPACA), which Binance delisted earlier this year.
Meanwhile, Kadena (KDA) continued its decline, falling 3.4 percent. The Kadena ecosystem, already struggling with the withdrawal of the development team in recent weeks, was further pressured by this news. Perpetual Protocol (PERP) fell 1.3 percent. The project, which runs on Ethereum's Layer-2 network, Optimism, is known for offering decentralized futures. Experts believe that the gradual withdrawal of low-volume projects from centralized exchanges could lead to a shift of trading liquidity to DeFi platforms. The prevailing view in the market is that FLM's rise is speculative.
