Binance will terminate redemption service and delist the ADAUP and ADADOWN leveraged tokens.

BlockBeats News, on October 18th, Binance announced that it will terminate the redemption service and delist the ADAUP and ADADOWN leveraged tokens on November 1st at 14:00. If users still hold the above-mentioned leveraged tokens at the time of delisting, Binance will exchange them for an equivalent amount of USDT based on the net asset value (NAV) of the tokens at the time of delisting, and distribute the USDT to users' accounts within 24 hours. After the distribution is completed, the ADAUP and ADADOWN leveraged token assets will be removed from the wallet.