Binance Allows Users to Vote on Token Listing and Delisting

To vote on a project, users need to check out Binance’s social platform, Binance Square, which is available directly in the app.

The first batch of tokens for the community voting was launched for BNB Chain-based tokens. According to the rules, each user can vote for up to five projects and needs to have at least 0.01 BNB in their master account.

The community can vote on the first batch of tokens from March 19 to March 26, 2025. Currently, there are nine tokens available for voting: BANANAS31 (Banana for Scale), BID (CreatorBid), Broccoli, KOMA (Koma Inu), Siren (SIREN), Mubarak, TUT (Tutorial), and WHY (why).

Explaining how they determine the voting listing pool, Binance said they take into account several factors, including use cases, technicals, community support, tokenomics, team background, and market performance.

The exchange added that although they will consider voting results, final decisions will be made after a review process and token performance monitoring.

Reactions to Binance Token Listing Votes 

While supporters of the introduced projects encouraged followers to vote on social media, others raised concerns about Binance’s token listing process.

X user @trading_axe argued that the voting system is merely an illusion of choice, claiming that Binance already knows which tokens it will list but creates the impression that community voices matter.

Others pointed out that Binance has previously rejected several tokens despite strong community support.

As the largest exchange by trading volume and user base, Binance token listings often impact the market and drive prices. Following the announcement, tokens in the first batch of voting saw price increases.

For example, TUT and Broccoli surged by 83% and 71%, respectively, in the last 24 hours, according to CoinMarketCap.

Could This Model Expand to Other Exchanges?

Binance’s community voting system for token listings raises the question-will other exchanges adopt a similar approach? While Binance leads in trading volume, platforms like Coinbase, Kraken, and WhiteBIT follow different listing processes focused on regulations, liquidity, and security. A voting system could increase community involvement, but it also comes with risks.

Some decentralized exchanges (DEXs), like Uniswap and PancakeSwap, already rely on community proposals and governance tokens. However, centralized exchanges (CEXs) must balance user input with internal risk assessments. If they introduce a similar model, they would likely need safeguards to prevent manipulation and ensure fairness.

Regulation also plays a key role. Binance still holds final approval over listings, but if other exchanges adopt voting, they may face pressure to provide more transparency in their decision-making.

Despite these challenges, Binance’s experiment could set a trend. If successful, it may encourage other exchanges to integrate community input, whether through voting, advisory boards, or token-based governance. The real test will be whether this leads to more diverse listings – or if it simply reinforces existing market dynamics under the illusion of decentralization.