Cryptocurrency exchange Binance is set to delist five tokens—Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN)—due to non-compliance with industry standards. The delisting will affect trading pairs by December 10, with additional measures like closing arbitrage strategies and futures positions starting December 3. Following the announcement, these tokens experienced significant sell-offs, plummeting nearly 40%. Binance, which currently lists 386 tokens and reports a trading volume of $44 billion, did not specify the compliance failures but referenced ongoing evaluations regarding project commitment, development quality, trading volume, liquidity, and safety. Reduced trading volumes for the affected tokens—such as REN's fall from $34 million to $6 million—indicate poor liquidity and adoption issues. Binance has warned users that deposits will cease after December 11, with withdrawals unsupported after December 12, although a potential conversion to stablecoins may occur post-December 13 without guarantees.

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