Binance to Delist and Cease Redemption for XRPUP and XRPDOWN Leveraged Tokens (2023-07-25)

Fellow Binancians,

Binance will delist and cease redemption for XRPUP and XRPDOWN leveraged tokens at 2023-07-25 06:00 (UTC).

Notes: 

• Users are advised to redeem their leveraged tokens via the wallet function or the Leverage Tokens page before the delisting. If users are still holding these leveraged tokens after the delisting time, Binance will convert these tokens to USDT based on the net asset value (NAV) of the tokens at the time of delisting, and will distribute the USDT tokens to users’ accounts within 24 hours. After the distribution is complete, the leveraged token assets will be removed from the wallet.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-07-11