Altcoins News
By Bruce Buterin
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Binance just dropped the hammer. The world's biggest crypto exchange said it's killing margin trading for ALCX and nine other altcoins starting February 2026, giving traders…
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The hit list includes some pretty well-known names like ALCX, FARM, and COTI. Binance didn't spell out exactly why these coins got the axe, but it's clearly part of their bigger…
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The clock's ticking and there's not much wiggle room here. Users can still buy and sell these altcoins on the spot market, but the leverage party is over.
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Binance's move is going to hurt trading volumes for these coins. When the biggest exchange in the world by volume decides to pull margin support, that's a serious blow to…
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The affected altcoin communities aren't taking this lying down. Alchemix developers put out a statement on February 23 telling users to look at other exchanges for margin trading.
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James Park from Crypto Insight thinks other exchanges might follow Binance's lead. "Binance's influence is substantial," he said on February 24.
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The good news is these coins aren't getting completely booted. Spot trading stays put, so people can still hold and trade without the leverage risk.
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Other exchanges are already circling like vultures. Kraken said on February 23 they're "monitoring the situation closely," which is corporate speak for "we're thinking about…
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Market reaction has been predictably messy. ALCX dropped 3% to $110 on announcement day, with FARM and COTI seeing similar hits.
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Galaxy Digital's Mike Novogratz weighed in on CNBC February 23, warning about increased volatility in the affected coins.
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Binance's compliance officer Samuel Lim tried to spin this as part of their ongoing regulatory alignment efforts on February 26.
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The exchange promised users can still withdraw funds and move them wherever they want. That's something, at least - nobody's getting completely locked out of their money.
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The whole thing shows how much power Binance has over the crypto market. When they decide something is too risky, that becomes the market consensus pretty fast.
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February 28 deadline is coming up fast. Traders who don't close their positions by then will get liquidated automatically, and nobody wants that kind of surprise.
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The delisting affects roughly $2.8 billion in combined market cap across all ten tokens, according to CoinGecko data from February 25.
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