Binance to Remove Six Leveraged Trading Pairs

The cryptocurrency exchange Binance announced that on February 28, starting from 06:00 UTC (08:00 Kyiv), it will cease support for six leveraged crypto asset pairs.

The changes will affect: 

• BNBUP/USDT;
• BNBDOWN/USDT;
• ETHUP/USDT;
• ETHDOWN/USDT;
• BTCUP/USDT;
• BTCDOWN/USDT.

All trading orders related to the aforementioned pairs will be automatically removed with no option for re-placement.

Users are advised to exchange the specified leveraged tokens for others before the scheduled cessation of trading. Otherwise, the exchange will automatically convert them into USDT based on the respective net asset value (NAV) at the time of removal. 

Earlier, on February 20, Binance will exclude Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from its list of tradable instruments.

In a separate article, ForkLog explored the history of the BTCUP and BTCDOWN leveraged tokens on Binance.