Binance has decided to discontinue support for Binance Leveraged Tokens by April 3, 2024, at 06:00 (UTC).
Trading and subscription activities concerning all leveraged tokens will be suspended on February 28, 2024, at 06:00 (UTC). Following the suspension, Binance will initiate the delisting process and halt token redemptions as per the detailed schedule below:
1. BNBUP/USDT: Trading and subscription end on February 28, 2024; delisting and redemption stop on April 1, 2024.
2. BNBDOWN/USDT, ETHUP/USDT: Delisting and redemption cease on April 2, 2024.
3. ETHDOWN/USDT, BTCUP/USDT, BTCDOWN/USDT: Delisting and redemption stop on April 3, 2024.
Leveraged tokens, representing baskets of perpetual contract positions designed for short-term trades, are subject to daily rebalancing but should not serve as alternatives to margin-leveraged products.
Important: All trade orders related to the aforementioned leveraged tokens will be removed automatically at 06:00 (UTC) on February 28, 2024, and no further orders can be placed. Users are recommended to trade these leveraged tokens for alternative ones before the stipulated trading halt time. If users hold any leveraged tokens beyond February 28, they may redeem the tokens via the wallet function or the Leveraged Tokens page, depending on each token’s specific delisting timeline.
