Binance Advances Community Governance with New Listings, Delistings, and Stable Asset Innovation

Exchange Sharpens Focus on User-Driven Asset Management and Capital Efficiency Tools

Binance is deepening its reliance on community participation as it rolls out a new wave of token listings and delistings, while also launching a reward-bearing stable asset aimed at maximizing capital productivity across its platform. The April 2025 updates reflect a sharper strategy shift toward decentralization, user empowerment, and efficient asset use, cementing Binance’s role in shaping trading norms within the crypto space.

Three new tokens — Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL) — were listed as part of the second round of Binance’s “Vote to List” campaign. The initiative allows users to select assets they want added to the exchange, marking a move away from top-down listing decisions. 

ONDO, a $2.76 billion market cap project focused on real-world asset tokenization, saw its price climb 3.81% to $0.8720 following the announcement. The token ranked 33rd by market cap at the time of listing. BIGTIME, centered on gaming and metaverse content, surged 30.69% within 24 hours to hit $0.08028, with a market cap of $146.82 million. VIRTUAL, which offers AI-driven co-ownership and tokenization tools, also saw notable movement, up 16.46% to $0.5390, bringing its market cap to $351.1 million. All three tokens received Binance’s “Seed Tag,” identifying them as early-stage, high-risk investments.

While users celebrated these additions, Binance also introduced a new yield-bearing asset, LDUSDT, designed to blend passive earning with futures trading. Pegged to USDT, LDUSDT automatically accrues real-time APR, allowing users to earn while simultaneously using it as margin in USD-M Futures via Multi-Asset Mode. The asset enables seamless conversion from standard USDT and is viewed as a successor to the earlier BFUSD token. By aligning earning potential with trading utility, Binance aims to eliminate idle capital and create dual-purpose assets for power users.

Parallel to these innovations, the platform initiated its second “Vote to Delist” campaign, opening a voting period from April 10 through April 16, 2025. Seventeen tokens have been placed under review, each flagged with Binance’s “Monitoring Tag” due to concerns including low liquidity, weak developer activity, or poor price performance. 

Tokens facing potential removal include PDA (PlayDapp), VOXEL (Voxies), ALPACA (Alpaca Finance), BSW (Biswap), FLM (Flamingo), LTO (LTO Network), WING (Wing Finance), NKN, PERP (Perpetual Protocol), MBL (MovieBloc), GPS (GoPlus Security), ARDR (Ardor), ARK, STPT (Standard Tokenization Protocol), FTT (FTX Token), JASMY (JasmyCoin), and ZEC (ZCash). 

Binance emphasized that while community votes guide the process, the final decision will be based on internal metrics such as team accountability, platform security, and market viability. Each participant must maintain a minimum 0.01 BNB holding throughout the period and is limited to five total votes, one per token.

This delisting strategy follows the exchange’s inaugural “Vote to Delist” campaign, which resulted in the removal of 14 tokens, effective April 16, 2025. The program received over 93,000 user votes, reinforcing the growing influence of community governance in Binance’s ecosystem. While the names of the first 14 tokens were not specified, the campaign underscored the platform’s intent to streamline asset quality and maintain robust market health by integrating both user input and internal evaluations.

Binance is also reportedly seeking to eliminate U.S. oversight of its operations and is exploring a partnership with World Liberty Financial, a cryptocurrency venture backed by the Trump family. This move comes after Binance’s $4.3 billion settlement with federal regulators in 2023 and aims to regain access to the U.S. market while potentially securing a presidential pardon for its founder, Changpeng “CZ” Zhao. 

Binance executives, including CEO Richard Teng, met with U.S. Treasury officials to request a reduction or removal of the court-appointed monitorship that oversees its compliance with anti-money-laundering laws. Concurrently, Binance is considering a listing for USD1, a new stablecoin from World Liberty Financial, leveraging its significant user base and daily trading volume. The talks signal a strategic alliance between Binance and Trump-affiliated figures, which could provide political goodwill amid regulatory challenges. 

This article has been refined and enhanced by ChatGPT.