Binance to Delist Perpetual Contracts of These Two Popular Cryptos in October

**Binance Delists HIFI and BAKE Perpetual Contracts: Major Exchange Shake-Up Impacts DeFi Tokens**

Cryptocurrency exchange giant Binance announced the delisting of perpetual contracts for two prominent digital assets: Hifi Finance (HIFI) and BakeryToken (BAKE), scheduled for October 2024. This strategic move by the world's largest crypto trading platform signals significant market implications for both DeFi tokens and their respective communities.

The delisting affects leveraged trading opportunities for these blockchain-based cryptocurrencies, potentially impacting liquidity and price volatility. Hifi Finance, a decentralized finance protocol token, and BakeryToken, associated with the Binance Smart Chain ecosystem, face reduced institutional trading access following this decision.

Crypto traders and investors holding perpetual positions in HIFI and BAKE must close their contracts before the October deadline to avoid automatic settlement. This development reflects Binance's ongoing portfolio optimization strategy amid evolving cryptocurrency regulations and market dynamics.

The delisting announcement has already influenced Bitcoin and altcoin market sentiment, with DeFi sector tokens experiencing increased volatility. Market analysts suggest this move could redirect trading volume toward other blockchain assets and decentralized finance protocols available on the exchange.