The Currency analytics
By Bruce Buterin
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…
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…
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.
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…
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.
James Park from Crypto Insight thinks other exchanges might follow Binance's lead. "Binance's influence is substantial," he said on February 24.
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.
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…
Market reaction has been predictably messy. ALCX dropped 3% to $110 on announcement day, with FARM and COTI seeing similar hits.
Galaxy Digital's Mike Novogratz weighed in on CNBC February 23, warning about increased volatility in the affected coins.
Binance's compliance officer Samuel Lim tried to spin this as part of their ongoing regulatory alignment efforts on February 26.
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.
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.
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.
The delisting affects roughly $2.8 billion in combined market cap across all ten tokens, according to CoinGecko data from February 25.