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Binance Cut Leveraged Tokens Due To Users Not Reading Warning Notices

Ramsey Baker

Summary: Changpeng "CZ" Zhao, the CEO of Binance, says the exchange has been forced to delist FTX leveraged tokens because users failed understand how to trade them and weren’t reading the warning notices. In a Twitter thread posted on March 28, CZ said that users had suffered major devaluations and the exchange chose to then remove ...

Changpeng "CZ" Zhao, the CEO of Binance, says the exchange has been forced to delist FTX leveraged tokens because users failed understand how to trade them and weren’t reading the warning notices.

In a Twitter thread posted on March 28, CZ said that users had suffered major devaluations and the exchange chose to then remove all FTX leveraged tokens to safeguard users. This move comes just over two months after first listing them.

By Ramsey Baker

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