On October 29, Binance announced the upcoming delisting of three digital assets scheduled to take place on November 12:
- Kadena (KDA) – A PoW blockchain, promissing to offer a scalable version of Bitcoin
- Flamingo (FLM) – A DeFi platform based on the Neo blockchain and the Poly Network interoperability protocol
- Perpetual Protocol (PERP) – A DEX for futures on Ethereum and xDai
All three digital assets recorded volatilty after the exchange released its delisting announcement.
Binance’s Delisting Notes for KDA, FLM, PERP
In its official announcement, Binance revealed that following careful reviews of the three projects, it has decided to delist and cease trading on all spot pairs for FLM, KDA, and PERP on November 12, at 03:00 (UTC).
Binance Buy and Sell Crypto will delist the tokens and all associated pairs on October 30 at 03:00 (UTC).
Trading bots services will be terminated on the same date, at the same time, and Binance Spot Copy Trading will delist the spot pairs for the three digital assets on November 5 at 03:00 (UTC).
Also, deposits of these assets will not be credited to users’ accounts after November 13 at 03:00 (UTC), and withdrawals will not be supported after January 12, 2026, at 03:00 (UTC).
In its official notes, the crypto exchange noted that futures contracts of the PERP, FLM, and KDA are not affected, and users may continue to trade them.
Following Binance‘s announcement, all three digital assets recorded volatilty on October 29.
KDA, FLM, PERP Price Actions
On October 29, FLM was trading near $0.02 ahead of the exchange’s announcement, and its price spiked near $0.03, immediately after.
At the moment of writing this article, FLM is trading above %0.02 with a market cap of more than $12,6 million, up by over 12% in the past 24 hours.
Unlike FLM, KDA, and PERP recorded sharp price drops after the exchange revealed its delisting plans.
Two hours after the announcement, KDA debuted a price drop from $0.06, reaching a low at $0.03 levels. At the moment of writing this article, KDA is trading above $0.04, with a market cap of over $13,9 million. KDA is down by more than 34% today.
Immediately after the exchange announced its upcoming delisting, PERP price dropped from $0.21 to $0.17, before rebounding to current levels.
At the moment of writing this article, PERP is trading above $0.18, with a market cap of over $12,3 million. The digital asset is down by more than 15% in the past 24 hours.
