Binance, the world’s largest cryptocurrency exchange by trading volume, has announced plans to delist the spot trading pairs for FLM (Flamingo), KDA (Kadena), and PERP (Perpetual Protocol) on November 12, 2025. The move comes amid increasing regulatory scrutiny from global authorities and internal efforts to streamline compliance and trading operations.
According to Binance’s official statement, the decision is part of the company’s “periodic review process” designed to ensure that all listed digital assets meet high standards of trading volume, liquidity, and compliance. The exchange clarified that users will still be able to withdraw their tokens even after delisting, but will no longer have access to those spot trading pairs on the platform after the effective date
The delisting of FLM, KDA, and PERP aligns with Binance’s broader strategy to adapt to the rapidly evolving global crypto regulatory landscape. Over the past year, Binance has faced intensified oversight from financial authorities in the United States, the European Union, and several Asian markets, pushing the exchange to reevaluate its token listings and internal governance.
The exchange noted that its listing criteria include factors such as project development activity, network security, public communication, and evidence of unethical behavior by project teams. When tokens fail to meet these benchmarks, Binance conducts a comprehensive evaluation and may opt for delisting to maintain market integrity and investor protection.
Impact on the Affected Tokens
The delisting announcement has already led to short-term volatility in the affected markets. Flamingo (FLM) and Kadena (KDA), both layer-1 projects, have seen price declines of between 5–12% in the hours following the news. Meanwhile, Perpetual Protocol (PERP), a leading decentralized derivatives trading platform, also saw a drop in trading volume as traders repositioned to alternative exchanges.
Analysts suggest that this could be a temporary setback rather than a long-term challenge for the projects. Binance’s delisting decisions, while impactful, often reflect internal compliance priorities rather than fundamental concerns about a token’s viability.
Binance’s Broader Strategic Shift
Under CEO Richard Teng’s leadership, Binance has been making a strategic shift toward greater institutional compliance, expanding its legal, risk, and compliance teams across major jurisdictions. The company is also prioritizing stablecoin partnerships, regulated markets, and blockchain infrastructure investments to solidify its standing as a global financial technology powerhouse.
This move also comes after Binance’s renewed engagement with U.S. regulators following founder Changpeng Zhao’s presidential pardon earlier this year, signaling a renewed effort to align operations with Western regulatory frameworks.
FAQs
1. Why is Binance delisting FLM, KDA, and PERP?
Binance is delisting these tokens as part of its routine review process, which assesses projects on liquidity, compliance, and development progress. Tokens failing to meet the criteria may be delisted to ensure user protection.
2. When will the delisting take effect?
The spot trading pairs for FLM, KDA, and PERP will be delisted on November 12, 2025, at 03:00 UTC.
3. Can users still withdraw these tokens?
Yes. While trading will be disabled, withdrawals will remain available for a limited period after delisting.
4. How will this affect the tokens’ prices?
Short-term volatility is expected, but long-term price movements will depend on project fundamentals and adoption.
5. Does this signal a broader regulatory crackdown?
While not directly linked to enforcement action, the delisting reflects Binance’s increasing alignment with global regulatory standards.
