XRP's ripple effect: Cardano $ADA trading axed by Binance in wake of delisting cascades xrp xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple cardano cardanoada cardanocommunity $xrp
, a global giant in the world of digital exchanges, has announced its decision to delist trading pairs ADAUP/USDT and ADADOWN/USDT. The once-popular leveraged tokens, which initially entered the Binance platform in July 2020, are set to bid farewell to the exchange on Aug. 16.The tokens in focus, ADADOWN and ADAUP, have had a combined issuance totaling 1,039,474,882.17 and 14,877,828.92, respectively. These tokens have been characterized by a daily trading volume of $1.
These leveraged tokens have provided traders on Binance with a unique opportunity to gain amplified exposure to the. Operating as perpetual contract positions, their value has been intricately linked to fluctuations in the notional value of the underlying perpetual contracts within the group. This mechanism, coupled with the ability to adjust leverage, has enabled traders to potentially augment their profits or losses while avoiding the threat of liquidation.
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