Binance has announced through its official Twitter handle post that it shall be removing the halt imposed on the trading of FTX leveraged tokens ETHBULL/USDT, ETHBULL/BUSD, ETHBEAR/USDT, and ETHBEAR/BUSD. The investors will now be able to trade on Binance exchange using the above-mentioned trading pairs at their convenience without any hassle.
— Binance (@binance) February 3, 2020
Binance is one of the world’s highly reputed and acclaimed trading exchanges. It takes pride in being the Biggest Cryptocurrency Exchange in terms of trading volume on a day to day basis and is home to the top-tiered digital currencies in operation. Boasting of a massive customer base hailing from different parts of the world, Binance is continuing efforts to expand its network by introducing support to more and more currencies, both fiat and virtual.
A few weeks back in January 2020, Binance broke the news about the listing of FTX leveraged tokens BULL, BEAR, ETHBULL, and ETHBEAR on its platform. The investors were exposed to eight new trading pairs, namely BULL/USDT, BULL/BUSD, BEAR/USDT, BEAR/BUSD, ETHBULL/USDT, ETHBULL/BUSD, ETHBEAR/USDT and ETHBULL/BUSD. These leveraged tokens were ERC20 and BEP2 tokens that have a direct link with the value of the crypto attached.
However, due to some technical issues, Binance had to temporarily stop the trading of ETHBULL/USDT, ETHBULL/BUSD, ETHBEAR/USDT and ETHBEAR/BUSD trading pairs. The exchange then assured its investors that it would soon resolve all the issues and start the operations smoothly very soon.
With the recent announcement, Binance has lived up to the expectations of its investors by kickstarting the trading of the halted market pairs.