Crypto
Binance to Reinvest SOXL Dividend Value into SOXLB Tokens
Binance is set to reinvest the net dividend value from Direxion Daily Semiconductor Bull 3X Shares (SOXL) into its SOXLB tokenized product.
The distribution will take place through additional whole or fractional SOXLB units, following deductions for withholding taxes, fees, costs, and other expenses.
Eligible holders of the SOXLB token, determined by account balances recorded on September 22 at 00:00 UTC (equivalent to September 21 at 8 p.m. ET), will receive the allocation through an adjustment to the token's multiplier coefficient.
The trading of SOXLB/USDT will remain available during this process.