Binance Plans to Remove Two Tokens from Its Listings in October

Regulatory Pressure Spurs Token Removal

Binance, the world's largest cryptocurrency exchange, announced today that it will delist Epic Chain (EPIC) and QuickSwap (QUICK) from its platform in October. The decision follows a recent regulatory review and aims to strengthen the exchange’s compliance framework and protect its users.

The move comes after Binance received a notice from the Financial Conduct Authority (FCA) regarding potential regulatory breaches. In response, the company conducted an internal audit and identified that EPIC and QUICK did not meet the FCA’s standards for transparency and risk management. Consequently, Binance will halt trading of these tokens on its main and futures markets.

Binance’s decision reflects growing scrutiny from regulators worldwide. The FCA’s letter highlighted concerns over insufficient disclosure of project details and inadequate investor safeguards. By removing EPIC and QUICK, Binance signals its commitment to adhering to stricter regulatory expectations. The exchange also plans to enhance its due‑diligence processes for all listed assets, aiming to prevent similar issues in the future.

How Will Users Be Affected?

EPIC, a decentralized finance platform focused on yield farming, had limited on‑chain data and a small development team. QuickSwap, a decentralized exchange built on Polygon, faced criticism for its low liquidity and lack of audit reports. Binance’s removal of these tokens is expected to reduce the risk of fraud and protect investors from potentially vulnerable projects.

Users holding EPIC or QUICK on Binance will see their balances frozen until the delisting date. After October, they will be able to withdraw their tokens to external wallets. Binance has provided a migration guide and set a deadline for withdrawals before the delisting. The exchange also offers a support channel for users to resolve any issues related to the transition.

The delisting may impact the market value of both tokens. Traders who previously relied on Binance’s liquidity might see a temporary dip in prices. However, the move could also encourage other exchanges to reassess their listings, potentially leading to a more robust and transparent market overall.

Will Binance Re‑List These Tokens Later?

Binance has not ruled out the possibility of relisting EPIC and QUICK in the future. The exchange stated that it will re‑evaluate projects that meet updated regulatory and compliance standards. Until then, the tokens remain off the platform. Investors who wish to continue trading EPIC or QUICK must turn to alternative exchanges that comply with local regulations.

Binance’s broader strategy includes tightening its listing criteria and increasing transparency for all assets. This approach aims to build trust with regulators and users alike, ensuring long‑term stability for the exchange’s ecosystem.

Frequently Asked Questions

Q1: When will the delisting take effect? A1: The delisting is scheduled for October 1st. Users must withdraw their EPIC or QUICK holdings before this date to avoid automatic transfer to external wallets.

Q2: Can I still trade EPIC or QUICK on other platforms? A2: Yes, both tokens are still available on other decentralized exchanges and some centralized platforms that have not yet removed them.

Q3: Will Binance offer any compensation for users affected by the delisting? A3: Binance has not announced any compensation. Users are encouraged to withdraw their balances promptly to avoid potential loss of liquidity.