Binance plans to delist Viberate (VIB) in May 2025 due to compliance issues, severely impacting its market value.
Binance, the world’s largest cryptocurrency exchange, will delist Viberate (VIB) on May 2, 2025, at 03:00 UTC, affecting trading and liquidity for the popular music data token.
Binance Cites Compliance in Viberate Delisting
Binance’s decision to delist Viberate is based on ongoing compliance reviews. The decision, announced via official channels, cited non-compliance with listing standards and declining trading volumes. According to Binance Official Announcement, “When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it.”
Binance, an influential exchange, leads this action affecting the Viberate token. This decision reflects changes in industry compliance and user protection focus.
Viberate’s Dramatic Price Drop Post-Delisting News
Viberate’s price dropped dramatically, reflecting negative market sentiment. Other exchanges like Tokocrypto align with Binance, amplifying VIB’s challenges. Holders face potential asset or conversion losses by July 2025.
Potential financial outcomes include forced conversions or asset losses for holders. Historical trends indicate delistings cause significant market disruptions, with prices typically dropping further post-implementation.
Regular Token Reviews Lead to Delistings
Binance’s pattern of regular token reviews often results in delistings, as seen with past assets. Viberate’s market plunge underscores the impact of compliance-focused decisions.
Kanalcoin experts suggest future compounded declines for Viberate, drawing parallels to previous delistings where prices continued falling. Compliance hurdles remain a critical issue for tokens.
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