Binance administration strongly recommends the user to redeem XRPUP and XRPDOWN tokens using the wallet feature before delisting.
According to the official notice, if users continue to hold the leveraged tokens after delisting, Binance will automatically convert them into Tether USDT stablecoin within 24 hours at the price at that time.
The XRPDOWN and XRPUP leveraged tokens provided Binance traders with the ability to open positions in XRP, as well as the flexibility to react to digital asset market movements without the risk of position liquidation.
Binance did not comment on the reasons for the removal of XRPUP and XRPDOWN. The other day, cryptocurrency exchange Binance reported
about the exclusion of five trading pairs with its own steiblcoin Binance USD