Binance, the world’s largest cryptocurrency exchange, announced that it will delist 2 leveraged tokens of Ripple (XRP).
Binance Tuesday, July 11 In its official statement on the day, it is currently traded on the stock exchange. to Ripple belonging XRPUP And XRPDOWN leveraged tokens from spot transactions will delist announced. Binance will also end the redemption process for the respective tokens. Leveraged tokens provide exposure to the cryptocurrency in a manner similar to futures.
According to a statement by Binance XRPUP And XRPDOWN for tokens 25 July 09:00 CET As of this date, it will not be possible to trade on the stock market. After the specified date, the assets of the users with the tokens in question are based on the price in the delist order. to Tether (USDT) will be converted and reflected in their balances within 24 hours.
While this move from the Binance front will not affect Ripple in any way, users will be able to continue spot and futures transactions on the exchange for XRP.
CoinGecko According to the data of XRP in the last 24-hour period 0.9% with an increase from $0.472 is being traded.