Binance has massively delisted Kadena, AXS, and Theta futures products... and is simultaneously cleaning up the spot exchange.

The world's largest Crypto Assets exchange, Binance, has once again launched a large-scale overhaul of the derivation market. This measure announces the delisting of several major alts futures contracts and reminds investors to remain vigilant.

Binance announced that it will gradually terminate the USDⓈ-M Cardano ( KDA ), COIN-M Axie Infinity ( AXS ), and Theta Network ( THETA ) futures contracts from November 6 to 7, and will conduct automatic settlement. New positions will be prohibited before the termination of trading, and any existing positions that are not manually closed before the specified time will be subject to forced liquidation.

Binance explained that this delisting decision is based on a regular review mechanism, taking into account multiple factors such as insufficient liquidity, low trading volume, or project sustainability. Among them, the USDⓈ-M KDAUSDT contract will be delisted at 09:00 UTC on November 6, while the COIN-M AXS and THETA contracts will cease trading at 09:00 on the 7th.

At the same time, Cardano ( KDA ) will be delisted from the Binance spot exchange on November 12, and the deposit and withdrawal services for this token will be closed on the same day. Starting from January 13, 2026, the platform may convert relevant assets in user accounts to stablecoins. In terms of margin trading, Flamingo ( FLM ), Cardano ( KDA ), and Perpetual Protocol ( PERP ) will be removed from the cross-margin and isolated-margin markets on November 4.

This action can be seen as an important measure for Binance to continuously strengthen the regulation and risk management of its derivation business. In the face of an increasingly tightening regulatory environment, the exchange is recently accelerating the cleaning up of trading pairs and reinforcing access conditions to maintain market stability.

For investors, it is necessary to continuously pay attention to exchange announcements to respond to potential similar adjustments. Such delisting operations are usually accompanied by a contraction in liquidity, which may trigger severe price fluctuations. Especially for some small and medium-sized alts, the impact of delisting may affect the entire circulating market, requiring extra caution.