Binance to delist five tokens, prices slide on spot markets

Binance announced it will delist and cease spot trading for Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB) and Syscoin (SYS) at 03:00 UTC on May 27, 2026. The exchange’s notice coincided with sharp declines on Binance spot markets: SYS fell 33.77%, ATA 33.33%, PHB 31.58%, MLN 27.71% and FARM 23.33%.

The exchange will automatically cancel all open orders for the affected trading pairs at the delisting time and trading bots tied to those pairs will stop. Deposits for the five tokens will no longer be credited after 03:00 UTC on May 28, and withdrawals will remain available until 03:00 UTC on July 27, 2026.

Binance Futures will close all related positions and settle the relevant contracts on May 19 at 09:00 UTC. Margin and loan products linked to the tokens will be wound down prior to the spot delisting.

The company warned that, after 03:00 UTC on July 28, 2026, delisted tokens may be converted into stablecoins on users’ behalf, and noted that such conversions are not guaranteed. A separate notification will be issued before any conversion, and any credited stablecoins would appear in users’ Binance accounts after conversion.

In its public notice, the exchange said it evaluates listed assets against metrics including trading volume, liquidity, development activity, team commitment and regulatory factors. Harvest Finance, Enzyme and Syscoin were given a Monitoring Tag in April, a label Binance applies to assets under closer review. The Monitoring Tag preceded past delistings such as Beefy Finance (BIFI) and Orchid (OXT).

Traders holding positions in the affected spot pairs should expect order cancellations at 03:00 UTC on May 27. Users who wish to move assets off the platform should plan withdrawals before the July 27 deadline. Positions and products tied to futures, margin or loans will be closed or wound down according to the timelines published by the exchange.

“Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the exchange wrote.