Binance announced it will stop trading and subscription services for leveraged tokens such as BNBUP/USDT, BTCUP/USDT, and ETHUP/USDT on February 28, 2024, at 6:00 (UTC). This will be followed by the termination of redemption services and delisting of these leveraged tokens on April 3, 2024, at 6:00 (UTC). The discontinuation affects popular leveraged token pairs including BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT. This decision has been part of Binance's strategy, as the platform has been removing these pairs since 2021. Despite concerns, it's clarified that Binance is not shutting down all leverage trading operations, but specifically these leveraged tokens.