Binance delists BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL and XRPBEAR
World’s leading cryptocurrency exchange, Binance has announced that it will be delisting all FTX leveraged tokens. All the tokens will stop trading at 2020/03/31 10:00 AM (UTC). Deposits and withdrawals for all for all these FTX tokens will close on 2020/03/31 08:00 AM.
If you continue to hold them after delisting or do not trade them for USD pairs, Binance will automatically convert them to BUSD within 14 days.
Following pairs will be delisted from Binance – BULL / USDT, BULL / BUSD, BEAR / USDT, BEAR / BUSD, ETHBULL / USDT, ETHBULL / BUSD, ETHBEAR / USDT, ETHBEAR / BUSD, EOSBULL / USDT, EOSBULL / / BUSD, EOSBEAR / USDT, EOSBEAR / BUSD, BNBBULL / USDT, BNBBULL / BUSD, BNBBEAR / USDT, BNBBEAR / BUSD, XRPBULL / USDT, XRPBULL / BUSD, XRPBEAR / USDT and XRPBEAR / BUSD.
Many people who lost their money trading these FTX leveraged tokens blamed Binance.
This make me loss 100k USD , and I told when Eos listing that all bull and bear not work proper , but binance admin and customer care not take it seriously , now they stole millions of doller ,
— हिन्दू (@bitoodalal01) March 28, 2020
However, CZ, CEO of Binance was quick to correct them.
They are not designed for long term holding. They devalue over time when markets (underlying assets) fluctuate back and forth.
The main reason for delisting is that too many users don’t understand them.
— CZ Binance (@cz_binance) March 28, 2020