Exchange-event research
Binance delisting: the price after the announcement
When Binance announces that it will delist a token, trading usually continues for several days before the pairs close. Here is how the price moved after every Binance delisting announcement we have recorded, next to the same event on the other exchanges.
Built from 821 measured coin-events since Aug 2022; updated as new announcements are priced.
Questions and answers
- How much does a coin fall after Binance announces a delisting?
- Delisting · Binance: median -12.4% after 1 hour, -15.7% after 24 hours and -22.7% after 7 days; 16% of coins were higher 24 hours later (n = 167).
- Is the reaction to a Binance delisting bigger than on other exchanges?
- Median move 24 hours after the announcement, by exchange: Binance -15.7% (n = 166), Upbit -9.0% (n = 23), OKX -5.6% (n = 103), Bybit -3.8% (n = 506).
Median price move after the announcement
Per exchange: n = coins measured, the median move from the price at the announcement, and the share of coins higher 24 hours later.
| Group | n | Median 1h | Median 24h | Median 7d | Higher after 24h |
|---|---|---|---|---|---|
| Delisting · All exchanges | 821 | -1.4% | -5.7% | -12.3% | 21% |
| ↳ from when we caught it | 12 | -1.8% | -8.6% | — | 17% |
| Delisting · Binance | 167 | -12.4% | -15.7% | -22.7% | 16% |
| ↳ from when we caught it | 2 | caught live on time: 2 — too few to summarise yet | |||
| Delisting · Bybit | 524 | -0.6% | -3.8% | -8.9% | 24% |
| ↳ from when we caught it | 5 | -0.9% | -5.7% | — | 40% |
| Delisting · OKX | 104 | -1.2% | -5.6% | -10.2% | 16% |
| ↳ from when we caught it | 0 | caught live on time: 0 — too few to summarise yet | |||
| Delisting · Upbit | 23 | -6.0% | -9.0% | -11.1% | 17% |
| ↳ from when we caught it | 2 | caught live on time: 2 — too few to summarise yet | |||
| Delisting · Bithumb | 3 | Fewer than 5 measured — too few to summarise. | |||
| ↳ from when we caught it | 3 | caught live on time: 3 — too few to summarise yet | |||
Medians of past moves, measured on the same market from the price at the announcement. Past reactions don't predict the next one: listing and delisting moves are fast and often reverse. Not financial advice. The main rows are measured from the price at the official announcement time, which is usually not tradeable on a fast listing. The “from when we caught it” rows use only announcements our feed stored within 15 minutes, measured from the first price after that.
Latest examples
The newest events of this type and the move 24 hours later. Open one for the full record.
How this is measured
Every announcement from the exchange's public feed is stored with the coin's price on the same market (Binance or Bybit, spot first) at the moment it was published, then 1 hour, 24 hours and 7 days later. Brand-new tokens whose trading started after the announcement are left out of the medians: their first price is an opening auction, not a reaction to the news. One coin-event is one ticker in one announcement; moves beyond ±1000% are treated as bad data and left out, and groups of fewer than 5 coins show no median. Older announcements come from the exchanges' archives and are priced from historical candles.
More exchange-event research
How the price moved after past announcements doesn't predict the next one. Listing and delisting moves are fast and often reverse. Not financial advice.