IOSG: Binance's altcoin elimination strategy and delisting trends

A report by IOSG analyzes Binance's delisting trends through August 2026, noting an acceleration in both spot and perpetual futures removals. In 2026, Binance delisted 42 spot tokens and 28 perpetual futures contracts. The analysis highlights that delisting decisions are primarily driven by Fully Diluted Valuation (FDV) and Open Interest (OI) rather than trading volume. Tokens with an FDV below $10 million faced a 49% delisting rate in 2026, while those with an FDV exceeding $100 million remained unaffected. The report also notes that Binance's own launch channels, such as Binance Alpha and Launchpool, account for a significant portion of delisted assets.