FTX Token (FTT) Emerges as Top Candidate for Delisting From Binance

Binance, the world's largest cryptocurrency exchange by trading volume, has concluded its second round of the community-driven “Vote to Delist” campaign.

Binance, the world’s largest cryptocurrency exchange by trading volume, has concluded its second round of the community-driven “Vote to Delist” campaign.

The FTX Token (FTT), the native token of the now-bankrupt FTX exchange, has emerged as the top candidate for delisting.

According to an announcement by Binance on Tuesday, the voting period ran from April 10, 2025, at 04:00 UTC to April 16, 2025, at 23:59 UTC.

During this time, a total of 11.1% of the Binance community voted for FTT to be delisted.

The ‘Vote to Delist’ and ‘Vote to List’ initiative is part of Binance’s effort to engage its community in platform governance. The former allows users to vote on tokens flagged with a Monitoring Tag.

These tokens are often identified by Binance as having higher volatility or risks, prompting the exchange to evaluate their continued listing.

However, community votes will not be the sole deciding factor, as the exchange will also make its decision based on internal review criteria.

“The voting result will not be the sole factor to determine the final delisting decision. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance’s procedures,” the exchange noted.

Still, FTT’s position at the top of the list of 17 tokens puts it at substantial risk of being dropped from Binance.

The token has been under scrutiny since FTX’s collapse in November 2022. Moreover, the token has been undergoing a dominant downtrend since the beginning of the year.

According to the latest data, FTT’s price dropped by 4.1% over the past day. At press time, it was trading at $0.81. This decline aligns with broader market reactions to delisting risks, as seen in the first round of voting.

Other tokens included in Binance’s second voting round also saw significant community pushback. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the votes. Meanwhile, GoPlus Security (GPS) and PlayDapp (PDA) followed with 8.2% and 7.6%, respectively.

Further down the list, Voxies (VOXEL) received 7.1% of the votes, followed by Alpaca Finance (ALPACA) with 6.3%. STP Network (STPT) received 5.9%, and Flamingo Finance (FLM) attracted 4.3%.

These tokens also saw notable price declines. JASMY and STPT led the pack, both dipping by around 6%, while other altcoins experienced more modest downticks.

The list also featured ARK (ARK) with 5.8% votes and Biswap (BSW) with 5.5%. MovieBloc (MBL) earned 4.2%, and Wing Finance (WING) received 3.8%. Ardor Platform (ARDR) earned 3.6%, while Perpetual Protocol (PERP) received 3.4%. Finally, NKN (NKN) and LTO Network (LTO) garnered 3.2% and 2.9%, respectively.

While voting results are provisional, the outcome could signal further difficulties for FTT and other flagged tokens. Market participants are now closely monitoring Binance’s final decision.