Cryptocurrency exchange Binance has concluded its second community-driven "Vote to Delist" campaign, with FTX Token (FTT) emerging as the primary candidate for removal from the platform. The world's largest crypto exchange by trading volume announced that FTT received 11.1% of votes during the polling period that ran from April 10 to April 16, 2025.
What to Know:
- FTT topped a list of 17 cryptocurrencies at risk of delisting following Binance's community voting process
- Binance emphasized that while community votes are important, final decisions will depend on internal review criteria
- Several tokens included in the voting showed price declines following the announcement, with FTT dropping 4.1%
Community Governance and Decision Process
The initiative represents part of Binance's broader effort to incorporate user participation into platform governance decisions. Users were able to vote on tokens previously flagged with a Monitoring Tag, which typically indicates assets with higher volatility or risk factors requiring further evaluation.
"The voting result will not be the sole deciding factor to determine the final delisting decision," Binance stated in an announcement on Binance Square.
"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."
Despite these qualifications, FTT's position atop the list places it at substantial risk of removal from the platform. The token has faced ongoing scrutiny since the collapse of its parent exchange, FTX, in November 2022. FTT has experienced a downward price trend since early 2025.
According to market data, FTT's price dropped 4.1% in the 24 hours following the vote results. At press time, it was trading at $0.81 per token. This decline mirrors typical market reactions to delisting risks observed during the exchange's first voting round.
Additional Tokens at Risk
The voting results revealed several other cryptocurrencies facing significant community pushback. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of votes, while GoPlus Security (GPS) and PlayDapp (PDA) followed with 8.2% and 7.6%, respectively.
Additional tokens in the vulnerable zone included Voxies (VOXEL) with 7.1% of votes, Alpaca Finance (ALPACA) with 6.3%, STP Network (STPT) with 5.9%, and Flamingo Finance (FLM) with 4.3%. These assets experienced varied price impacts following the vote announcement, with JASMY and STPT showing the steepest declines at approximately 6%.
The remaining tokens in the voting pool included ARK (ARK) with 5.8% votes, Biswap (BSW) with 5.5%, MovieBloc (MBL) with 4.2%, and Wing Finance (WING) with 3.8%.
Rounding out the list were Ardor Platform (ARDR) at 3.6%, Perpetual Protocol (PERP) at 3.4%, NKN (NKN) at 3.2%, and LTO Network (LTO) with 2.9%.
Market observers have noted that while these voting results remain provisional, they could signal further difficulties for FTT and other flagged tokens. The crypto community is now closely monitoring Binance for its final determination on these assets.
Implications for Investors
While Binance has established a more transparent approach to delisting decisions through community involvement, the exchange maintains final authority over which assets remain available on its platform. For investors holding these flagged tokens, the voting results represent an early warning signal rather than a definitive outcome.
The potential removal of these assets from Binance could significantly impact their liquidity and market availability, as the exchange represents a substantial portion of global cryptocurrency trading volume. Traders holding affected tokens may face increased volatility in the coming weeks as markets adjust to the potential changes in listing status.