🚀 Binance is spring cleaning! The crypto giant will delist five tokens by Dec. 10, including Gifto (GFT) and Ren (REN), citing compliance hiccups. Arbitrage and futures on these tokens close Dec. 3, with margin borrowings pausing Nov. 27. 📉
The announcement sent the tokens on a wild ride, dropping nearly 40%. Binance, with its 386 tokens and $44 billion trading volume, is tightening its belt, though it’s mum on specifics.
These tokens, spanning DeFi to gift-giving, showed dwindling volumes, a red flag for liquidity. Got thoughts? Drop them in the comments!