Binance to Cease AAVEUP & AAVEDOWN Trading and Subscription Services (2021-11-11)
At 2021-11-11 03:00 AM (UTC), Binance will cease trading and subscription of AAVEUP/USDT and AAVEDOWN/USDT leveraged tokens trading pairs. All trade orders will be automatically removed thereafter. Redemption service will continue to be available till a later time. A separate announcement will be posted.
Please note: Users are advised to trade their AAVEUP and AAVEDOWN tokens for other tokens prior to the scheduled cessation. If users are still holding AAVEUP and/or AAVEDOWN tokens after trading ceases, please redeem the tokens via the wallet function or the Leverage Tokens page.
Risk Warning: Leveraged Tokens are designed for short term bets on market movement, with a preference toward momentum. Long term holding of Binance Leveraged Tokens (BLVT) is risky, as the token has some built-in decay in the absence of momentum movements in favor of the position. Note that BLVT is NOT a replacement for a margin-leveraged product, and does not behave the same way. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Leveraged Tokens. To learn more about how to protect yourself, visit our Responsible Trading resource page.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.