Binance, one of the top crypto trading exchanges, has recently announced that it will cease the trading and subscription of its XRPUP & XRPDOWN leveraged token trading pairs. Starting from 2023-05-12 03:00 (UTC), Binance will no longer be supporting these services. All orders placed after the specified time will be automatically cancelled.

For now, the token redemption service will remain in effect. There will be a separate announcement regarding this. Users are strongly advised to redeem their XRPUP and XRPDOWN leveraged tokens before the termination of trading services. If users still want to hold their tokens, they can do so by using the wallet function or the Leverage Tokens page.

However, it is prudent to note that digital asset prices are quite volatile. Therefore, the value of your investments may go up or down, and it is possible you will not be able to recoup your initial investment. Binance leverage tokens (BLVT) are designed for short-term investments only. Long-term holding carries additional downside risk. Also, it should be noted that though BLVT may look similar to a margin-leveraged position, they don't behave in the same manner. Additionally, past performance may not be indicative of any future results – it is better to conduct your own independent assessment of the risks and rewards associated with BLVT before making any investments.

At Binance, we are committed to you having a secure trading experience. To learn more about how to protect yourself and your funds, visit our Responsible Trading page. Our complete Terms of Use and the Risk Warning should also be consulted.



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