Token

Cryptocurrency

Bitcoin

April

Change

Binance, one of the world's largest cryptocurrency exchanges, announced that it plans to discontinue trading and subscription services for leveraged tokens, making a significant change to its product offerings.
This event does not mean that normal leveraged services will be stopped. The discontinued services only affect self-leveraged tokens like BTCDOWN.
<h2 id="binance-will-discontinue-leveraged-token-services">Binance Will Discontinue Leveraged Token Services</h2>
According to the decision announced by Binance, which will be implemented on February 28, 2024, leveraged token trading and subscription services will be stopped at 09:00 on the same day.
Following the suspension of trading and subscription services, Binance will continue with the termination of its services and delisting of leveraged tokens at 09:00 on April 3, 2024.
Related News: <a href="https://en.bitcoinsistemi.com/japan-adopted-a-new-regulation-on-cryptocurrencies-in-its-parliament/" target="_blank" rel="noopener noreferrer nofollow">Japan Adopted a New Regulation on Cryptocurrencies in its Parliament!</a>
Additionally, the exchange will completely stop supporting leveraged token services on the specified date.
<blockquote>
 Affected trading pairs include BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT and BTCDOWN/USDT.
</blockquote>
These leveraged tokens had attracted the attention of investors who were paying more attention to cryptocurrency price movements, but Binance's decision to discontinue these services signals a strategic shift in its product portfolio.
In its announcement, Binance did not provide specific reasons for discontinuing its leveraged token services. But the move fits with the exchange's broader efforts to streamline its offerings and focus on core products and services.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-made-a-significant-change-regarding-the-leveraged-tokens-listed-on-its-platform/" rel="noopener noreferrer nofollow">Bitcoin Exchange Binance Made a Significant Change Regarding the Leveraged Tokens Listed on its Platform!</a>

Bitcoin Exchange Binance Made a Significant Change Regarding the Leveraged Tokens Listed on its Platform!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Feb 19, 2024

Virginia Senate Allocates Funds for AI and Crypto Oversight

Traders Turn to Everlodge as Bonk Spikes 1,526.9% & Dymension Climbs 35.1% in a Week

Stunning Bitcoin Prediction of $600,000 Made by PlanB Analyst

Altcoins Rally as Cryptocurrency Market Rebounds in 2023

Virginia proposes $17,192 annually for its crypto and blockchain commission

Google Launches AI-Powered Tool for Simplified Search Advertising in Africa

Join our free newsletter for daily crypto updates!