Binance to Remove BAKE, HIFI, SLF Trading Pairs — Withdrawal Deadline Set
Binance to Delist BAKE, HIFI, and SLF – The world’s largest crypto exchange, Binance, has once again demonstrated its powerful influence over the digital asset market. Following its latest review of listed projects, the exchange announced it will delist BakerySwap (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) from all spot trading pairs. The move comes after Binance determined the tokens no longer meet its criteria, which include team commitment, development quality, network security, liquidity, and trading volume.
According to the exchange, spot trading for the affected pairs will officially end on September 17, while Binance Spot Copy Trading will remove them earlier on September 10. Binance further clarified that deposits of BAKE, HIFI, and SLF will not be credited after September 18, and withdrawals will close on November 17.
Market Impact: Prices Collapse
As expected, the announcement sent shockwaves across the market. BAKE plunged 26% to $0.05, its lowest level since early 2021. HIFI crashed 22%, while SLF dropped 23%. Such steep declines highlight the negative consequences of a Binance delisting, which often leads to reduced liquidity, limited availability, and reputational damage.
In addition, Binance revealed it will also remove several other trading pairs — including BABY/EUR, BABY/FDUSD, BMT/BNB, and THE/FDUSD — on September 5. However, these removals had little impact on the prices of the respective tokens, which remain stable.
Other Binance Developments
The delisting news comes shortly after Binance issued a scam alert warning users about fake customer support calls designed to manipulate API settings and drain funds. CEO Richard Teng reassured users that the exchange would never request passwords or credentials by phone.
Binance also briefly paused futures trading last week due to a technical issue, which was resolved in under an hour. Meanwhile, the exchange listed World Liberty Financial’s WLFI token, adding support across multiple products. Despite the launch hype, WLFI fell 9% daily and is currently trading near $0.22.
