Binance will no longer provide support for its leveraged tokens

Binance exchange announced that it will delist crypto pairs, from its leveraged tokens and can be invested in the rise or fall of the token, and will completely terminate this style of service. At the end of Delist, many “up-down” crypto pairs, including Bitcoin, Ether and BNB, will be removed from the platform.

Binance will no longer provide support for its leveraged tokens

The Binance exchange just stated that it will delist the most popular cryptocurrency pairs, referring to them as “leveraged tokens” and includes pairs like BTCUP/USDT, ETHUP/USDT, and BNBUP/USDT. Binance has been doing strategic moves lately.

They completely discontinue to leveraged tokens

On the other hand, Binance also announced that these pairs, which can be traded as “UP and DOWN” and can be traded with leverage on the rise and fall of tokens, will no longer be on the platform.

In the statement, it was stated that this service will not be provided within the exchange as of April 3, 2024 at 09.00 CET. As of February 28, 09:00, registrations for this service will be stopped and no refunds will be made. With this date and time, positions in the tokens will be automatically closed.

Tokens in closed positions will be directly converted to USDT by the exchange.

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