BINANCE SAYS LEVERAGED FTX REMOVAL COMES AFTER CONFUSED USERS HODLED TOKENS

Binance Says Leveraged FTX Removal Comes After Confused Users Hodled Tokens. Binance LCX Launches Fiat-to-Crypto Exchange in Liechtenstein. Binance Crypto Exchange Seeks Staff to Lead Its Efforts in Turkey. Binance to appeal $4.4M fine from Canadian regulator. Binance Opens Up Full Fiat Australian Exchange. Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US. Binance faces calls for ban by Nigerian Bureau De Change association. Binance continues push to become regulated crypto exchange with new hire. Binance Smart Chains TurtleDex rug-pulls shortly after launch. the exchange announced that, just weeks after launching the products. The exchange cited users did not understand the products, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs., Binance will delist leveraged tokens because users don t understand them. The platform s CEO Changpeng Zhao said it was not an easy choice. Binance will compensate users with BUSD if they decide to hold the tokens. Just two months after adding them, major cryptocurrency exchange Binance, Sam Bankman-Fried. Key Takeaways. Binance will delist FTX Exchange's leveraged tokens by Mar. 31, and earned a heated response from the head of FTX Exchange, reads FTX s token description. Leveraged tokens do well if markets move up a lot and then up a lot more, and poorly if markets move up a lot and then back down a lot, As Binance conducts regular reviews of its product offerings to focus on products that can provide users with the most value and competitive services, A common misconception is that leveraged tokens have exposure to volatility, Binance announced plans for FTX leveraged token removal in a March 28 announcement, Binance will cease support for Binance Leveraged Tokens (BLVT) by (UTC). Trading and subscription services for all BLVTs will be suspended at (UTC). Binance will, March 2025: Binance Delists All FTX s Leveraged Tokens. Binance s move to launch its leveraged tokens is coming just two months after the exchange delisted all FTX s Leveraged Tokens simply because users don t understand how they work. The FTX tokens were listed barely for 60 days on Binance., Leading cryptocurrency exchange Binance has decided to delist all leveraged tokens from its platform amidst claims of lack of understanding from its users. As of March 28, leading or gamma, both of which are high volatility., Due to lack of understanding of how leveraged tokens work by many of our users, Binance will delist leveraged tokens from its platform. The announcement caused hysteria among holders, 2025. Binance's CEO cited user confusion when trading such products..