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Do you own leveraged tokens in newly sanctioned jurisdictions?

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Do you own leveraged tokens in newly sanctioned jurisdictions?

Hiya, so I had a little BNBUP before it became banned for me to trade it - some I had a sell order for, some I didn't. Lucky for me the price went up & hit my sell order.

For the rest, I could not trade. I thought I'd have to do something dodgy but before doing that I went to my wallet, clicked on the BNBUP leveraged token & saw the option to REDEEM at the bottom. I believe this exchanged the value of the token that I had for USDT at the time I clicked redeem. So this process isn't actually a trade, but I was able to get that monetary value back.

Phone app: Go to wallet, click on the leveraged token, arrive at this page

Posting this to hopefully help others in the same situation, & of course for people with brains to explain how/what actually happened if I didn't explain it right.

Peace mofo's.

submitted by /u/kpezza
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