Binance to delist 3 altcoins in November” — Covers Binance’s decision to delist Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP) on 12 Nov 2025

Introduction

In a move that caught many crypto holders off guard, major exchange Binance has announced it will delist three altcoins in November 2025. The tokens impacted are Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP). Binance+2Binance+2 This kind of announcement always raises eyebrows: What triggered the decision? What should holders do? How will this affect the wider market? Let’s dive in.

What exactly is happening?

Binance’s official announcement states: as of November 12, 2025 at 03:00 UTC (11:00 UTC+8) for spot trading, the exchange will cease trading spot pairs for FLM, KDA and PERP. Binance+1
Key timing details:

• Spot pairs removal: 12 Nov 2025. Binance

• Deposits will stop being credited after 13 Nov 2025. Binance

• Withdrawals will no longer be supported after 12 Jan 2026. Binance

• Futures contracts for these tokens are not affected. crypto.ro
  In short, if you hold any of these tokens on Binance, you must act before these deadlines.

Why did Binance decide to delist them?

Binance explains that it “periodically reviews each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements.” Binance The specific criteria include:

• The team’s commitment and project development activity.

• Liquidity, trading volume and network stability.

• Transparency, community engagement and responsiveness.

• Any signs of unethical conduct or major change in tokenomics or team structure. Binance

While Binance did not explicitly label which of the criteria FLM, KDA or PERP failed to continue meeting, the removal signals that they were deemed no longer aligned with Binance’s standards (from Binance’s perspective).

What it means for FLM, KDA and PERP holders

If you hold any of these tokens on Binance, here are the practical actions and consequences:

• You can still sell your holdings on Binance up to the delisting date (for spot trading). After that, the pairs are removed.

• You should withdraw your tokens or move them to another exchange before deposits stop being credited.

• After withdrawals stop, the tokens you hold remain—but you may face limited liquidity or inability to transact via Binance.

• Because futures contracts are not affected, traders who use derivatives might still be able to interact—but that is a different risk profile.

• The market may react: As delisting approaches, price volatility tends to increase because holders may rush to exit, and liquidity may thin out. Indeed, following the announcement, these tokens recorded increased volatility. crypto.ro+1

In essence: don’t ignore the announcement if you hold one of these. Timing matters.

Why this matters for the broader market

Delisting on a major exchange such as Binance is a significant event and can have ripple effects:

• Liquidity & visibility drop: Being removed from a top-tier exchange reduces exposure, ease of trading and can reduce investor confidence.

• Signalling effect: When a large exchange says “this asset no longer meets our standards,” that sends a signal to other exchanges, investors and the market at large.

• Market dynamics: With fewer venues for trading, there may be less liquidity, wider bid-ask spreads, and potentially sharper price moves.

• Portfolio considerations: Investors may reconsider holding lesser-known tokens on large exchanges and shift strategies toward higher-liquidity assets or decentralized alternatives.

Hence, while the delisting affects only three tokens directly, the implications can extend across the altcoin landscape.

Context on the two main projects

Flamingo (FLM)

Flamingo (FLM) is a DeFi platform built on the NEO ecosystem, offering services like asset wrapping, AMM swapping and vaults. TradingView

Kadena (KDA)

Kadena (KDA) is a layer-1 blockchain project based on a proof-of-work architecture with ambitions around scalability and enterprise use. crypto.ro+1

Whatever merits these projects may have, being delisted from Binance will raise questions about their listing viability and may push them to lean more heavily on other exchanges and community support.

What should investors do now?

Here are some suggested steps (not financial advice) if you are holding any of FLM, KDA or PERP on Binance:

1. Check your holdings and confirm whether you hold FLM, KDA or PERP in your spot wallet on Binance.

2. If you decide to exit: plan the timing to avoid being locked into the asset after the delisting.

3. If you decide to hold: ensure you withdraw to a wallet or move to a different exchange BEFORE the withdrawal cut-off (12 Jan 2026).

4. Monitor liquidity and trading volume on other exchanges: once Binance volume drops, your ability to exit later may be impaired.

5. Review your broader portfolio: delisting tends to highlight risk of smaller‐cap tokens on major exchanges; you might wish to re-balance accordingly.

6. Stay informed: Read announcements by the project teams and exchanges. Delisting often comes with additional work-arounds or communications from the project.

Final thoughts

Binance’s decision to delist Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP) on November 12 2025 is a clear reminder of the evolving standards in the crypto exchange world. For holders, it isn’t just a technicality — it has real implications for liquidity, access and ultimately value.

Whenever a top exchange drops assets, it’s time to review your exposure, assess whether you’re comfortable with the risks, and act before deadline dates. Messing around after the fact can mean missed exits, increased market risk and potential losses.

For the broader market, this event reinforces a trend: exchanges are no longer just listing everything. Projects must continuously meet certain standards — and those that don’t may find themselves squeezed out.