According to the official announcement, based on the latest review, Binance will stop supporting leveraged token services at 14:00 on April 3, 2024 (Eastern District Time).
Binance will stop the trading and subscription services of leveraged token trading pairs at 14:00 on February 28, 2024 (Eastern Eighth District time), and subsequently terminate the redemption service and delist the leveraged tokens (the specific timeline is shown in the figure) ).
Notice:
-Binance will automatically remove all pending trading orders for the above leveraged tokens after it stops trading at 14:00 on February 28, 2024 (Eastern Eighth District time), and users will no longer be able to place orders;
-It is recommended that users exchange the above leveraged tokens they hold for other tokens in advance. If the user still holds the above leveraged tokens after stopping trading at 14:00 on February 28, 2024 (East Eighth District time), please redeem them through the wallet page or leveraged tokens page before the delisting time;
- If the user still holds the above leveraged tokens after the corresponding delisting time, Binance will exchange them for equivalent USDT based on the corresponding net asset value (NAV) when the leveraged tokens are delisted, and exchange them within 24 hours. USDT tokens are distributed to user accounts. Once the distribution is complete, the leveraged token assets mentioned above will be removed from the wallet.