Crypto exchange Binance took another step in its community governance roadmap by activating its first-ever “Vote to Delist” campaign on March 21, hosted through its Binance Square platform. This development follows the recent rollout of its “Vote to List” initiative, both part of an expanding effort to include users in listing-related decisions. These mechanisms mark a shift in Binance’s approach, which previously relied solely on internal assessments.

The delisting vote targets tokens labeled with a Monitoring Tag—an indicator that an asset may not meet Binance’s standards. Binance explained:

When a coin or token no longer meets these standards or the industry landscape changes, Binance conducts a more in-depth review and may apply the Monitoring Tag to indicate the potential of delisting it.

The launch of “Vote to Delist” mirrors the structure of the recently introduced “Vote to List,” but focuses on potential removals. The voting process opened at 6:30 a.m. UTC on March 21 and will continue through 11:59 p.m. UTC on March 27.

Binance invited users to join in determining which Monitoring Tag tokens they believe should be removed from the platform:

Moving forward, Binance will trial the new delisting mechanism with a community-driven approach. We now invite users to participate and vote on the first batch of Vote to Delist projects under the official post on Binance Square Official.

While voting results will be shared in real time, they are not binding, as final decisions remain subject to Binance’s internal review protocols.

Users must hold at least 0.01 BNB in their verified accounts to be eligible to vote. “Each user can vote for up to 5 projects in the Vote to Delist pool during the Voting Period, and each verified account can only allocate one vote per project,” Binance stated. Votes that violate terms or come from restricted countries—including the United States, Germany, Singapore, and others—will be excluded. Binance reiterated that it reserves the right to interpret or change the program’s conditions and stressed that tampering or misuse will result in disqualification.

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