Binance, the world's largest cryptocurrency exchange, started the day with altcoin announcements.

At this point, Binance has finally announced that it has delisted two leveraged tokens linked to Cardano (ADA).

Binance, which stated that the ADAUP and ADADOWN leveraged tokens will be removed from the list, included the following statements in its statement:

"As of 03:00 UTC on 16.08.2023, Binance will stop trading and subscribing to the ADAUP/USDT and ADADOWN/USDT leveraged token trading pairs.

After that, all trading orders will be automatically removed.

The redemption service will be available until further notice.

Users are advised to exchange the ADAUP and ADADOWN leveraged tokens with other tokens before the planned shutdown.”

While Binance's delist decision for ADAUP and ADADOWN tokens does not have any impact on ADA's price, #ADA continues to trade at $0.2983 at the time of writing.

In addition to the announcement of Binance ADAUP and ADADOWN delist, Binance also made an announcement about the popular mem token #Dogecoin (DOGE).

Binance has stated that Binance Options will launch “DOGEUSDT Weekly Options”.

"Binance Options will launch its ”DOGEUSDT Weekly Options" on 10.08.2023 at 08:00 UTC.

DOGEUSDT Weekly Options are European-style option contracts. The new DOGEUSDT Weekly Option contracts will be listed every Thursday at 08:00 (UTC).” #Binance

*It is not investment advice.