The world’s largest cryptocurrency exchange Binance While adding support for new altcoins, some altcoindelists them.
In this context, Binance finally XRP announced that it has delisted two linked leveraged tokens.
XRPUP and XRPDOWN Stating that leveraged tokens will be removed from the list, Binance made the following statements in its statement:
“Binance will delist XRPUP and XRPDOWN leveraged tokens and stop redemption as of 25.07.2023 at 06:00 UTC.
If users still hold these leveraged tokens after the delisting period, Binance will convert these tokens to USDT based on the net asset value (NAV) at the time of delisting and distribute the USDT tokens to users’ accounts within 24.
Leveraged token assets will be removed from the wallet once distribution is complete.”
While Binance’s delist decision for XRPUP and XRPDOWN tokens will not have any effect on the price of XRP, Binance users will be able to continue to trade spot and futures for the XRP token.
XRP At the time of writing, it continues to trade at $ 0.4724.
*Not investment advice.
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