Binance will terminate the redemption service and delist the leveraged tokens XRPUP and XRPDOWN.

According to the official announcement, Binance will terminate the redemption service and delist the leveraged tokens XRPUP and XRPDOWN on July 25th at 14:00 (UTC+8). Users are advised to redeem their holdings of leveraged tokens in advance through the wallet page or leveraged token page. If users still hold these leveraged tokens at the time of delisting, Binance will exchange them for an equivalent amount of USDT based on the net value of the tokens at the time of delisting, and distribute them to user accounts within 24 hours. Once the distribution is complete, the leveraged token assets will be removed from the wallet.