Binance to abolish all leveraged tokens

All leveraged tokens will be abolished

Binance, an international virtual currency exchange, announced on the 19th that it plans to abolish all leveraged tokens (BLVT).

From 15:00 on February 28th Japan time, we will stop providing all leveraged token currency pairs: BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT.

Additionally, technical support for these tokens will end at 3:00 p.m. on April 3rd.

Each leveraged token represented a position in a basket-shaped Binance perpetual trading contract and was designed for short-term trading.

connection: Binance discontinues some virtual currency pairs

New listing of STRK

Meanwhile, Binance conducted a new listing of Starknet's STRK token last night.

STRK was also listed on major exchanges such as Bybit, OKX, and KuCoin on the same day, and at one point soared to $5, but is currently trading at $2.05.

Source: Binance

connection:Starknet airdrop acquisition date confirmed, 40 million STRK granted to DeFi

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