Perpetual Protocol to be delisted from Binance on November 12th” — Focuses specifically on PERP’s delisting.

Introduction

In a significant move for the crypto market, Binance has announced that it will delist and cease spot trading for Perpetual Protocol (PERP) on November 12, 2025. This change marks an important shift for holders of PERP and echoes the tightening standards major exchanges are setting. Binance+2u.today+2

What exactly is happening?

According to Binance’s official announcement: Binance+1

• Spot trading pairs for PERP will cease at 03:00 UTC on November 12, 2025. Binance+1

• Deposits of PERP to Binance will no longer be credited after 03:00 UTC on November 13, 2025. Binance+1

• Withdrawals of PERP will not be supported after 03:00 UTC on January 12, 2026. Binance+1

• Notably, futures contracts for PERP are not immediately affected by this delisting. crypto.ro+1

Why is Binance doing this?

In its announcement, Binance states 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+1
Specifically, some of the criteria include:

• Commitment of the team behind the project

• Level and quality of development activity

• Trading volume and liquidity

• Network stability and safety

• Public communication, transparency and community engagement

• Changes in tokenomics, ownership structure or regulatory environment Binance
  While Binance did not single out which criteria PERP failed to meet, the delisting implies it no longer fits the exchange’s thresholds for ongoing listing.

What does this mean for PERP holders?

Here are the practical implications if you hold PERP on Binance:

• If you have PERP on Binance, you’ll want to either sell or withdraw before key deadlines. After spot trading stops, exiting becomes harder.

• After November 13 (deposit cutoff), you cannot deposit new PERP tokens to Binance.

• After January 12, 2026 (withdrawal cutoff), any tokens remaining may become locked in, or subject to forced conversion (if applicable).

• Liquidity on Binance will drop for PERP. Since Binance is one of the largest global exchanges, reduced exposure can lead to lower visibility and trading volume for the token.

• Market reaction: Historically, tokens subject to delisting often experience increased volatility. For PERP, the announcement already triggered price movement. crypto.ro+1

• Futures are still supported — but trading derivatives carries its own risks. The delisting primarily affects spot trading.

Market and investor implications

• Liquidity risk: Removal from Binance may reduce PERP’s access to one of the major liquidity pools, potentially causing wider bid‐ask spreads, lower volume, and higher slippage for traders.

• Trust and signalling: When a major exchange delists a token, it sends a signal to the market about the token’s ongoing viability or compliance with exchange standards. For some investors, this can raise concerns about the project’s future or standing.

• Broader portfolio impact: For investors holding smaller-cap or lesser-listed tokens, this is a reminder to assess how much of their exposure is on major exchanges and what contingency plans exist if an exchange drops support.

• Potential opportunistic dynamics: Some traders may speculate on post-delisting volatility (either short-run rebounds or dump cycles). But these are higher risk since visibility and market support drop.

A bit of context on PERP

Perpetual Protocol (PERP) is the native token of the Perpetual Protocol project, which operates a decentralised exchange (DEX) for perpetual contracts — allowing leveraged trading of assets. TradingView+1 The protocol uses a virtual automated market maker (vAMM) model and offers staking opportunities for PERP token holders. TradingView
However, despite these features, the upcoming delisting suggests that the project may face challenges in areas such as liquidity, exchange support, or development activity sufficient to meet Binance’s standards.

What should investors do now?

If you hold PERP — especially on Binance — here are suggested steps (this is not financial advice):

1. Check if you hold PERP in your Binance spot wallet.

2. Decide whether you want to:

   • Sell before spot trading ends (i.e., before November 12).

   • Withdraw your tokens to a personal wallet or other exchange that supports PERP.

   • Hold, but accept the increased risk of lower liquidity and exchange support.

3. Be mindful of the deadlines: deposit cutoff (Nov 13), withdrawal cutoff (Jan 12, 2026).

4. Monitor trading volume and listings of PERP on alternative exchanges. Ensuring access to another pool may mitigate some risks.

5. Re-evaluate your portfolio exposure to tokens with major exchange risk, and whether you’re comfortable holding tokens in platforms you cannot withdraw from later.

Final thoughts

The delisting of PERP by Binance on November 12, 2025 is a significant event for the token and a reminder of the evolving standards in the crypto exchange world. For holders, it isn’t just a technical matter — it has tangible implications for liquidity, access and potential value.

Whenever a major exchange drops support for an asset, timing matters. The sooner an investor reviews their position and acts, the more options they have. Missing deadlines or being passive can lead to locked assets, limited exit routes, or exposure to wider market risk.

For the broader market, this move reinforces that large exchanges are not simply listing everything indefinitely — continual review and maintenance of listing standards are becoming part of the ecosystem. For projects like PERP, the path ahead will involve showing that they can maintain liquidity, compliance, development and community trust even when a major listing is removed.