Binance will list FTX leveraged tokens BULL, BEAR, ETHBULL and ETHBEAR, and open trading for BULL/USDT, BULL/BUSD, BEAR/USDT, BEAR/BUSD, ETHBULL/USDT, ETHBULL/BUSD, ETHBEAR/USDT and ETHBULL/BUSD trading pairs at 2020/01/17 12:00 PM (UTC). Users can now start depositing the above leveraged tokens in preparation for trading.
Leveraged Token Listing Fee: 0 BNB.
About BULL, BEAR, ETHBULL and ETHBEAR
BULL, BEAR, ETHBULL and ETHBEAR are ERC20 & BEP2 tokens issued by FTX that have leveraged exposure as shown below:
- 3X Long Bitcoin Token (BULL)
- 3X Short Bitcoin Token (BEAR)
- 3X Long Ethereum Token (ETHBULL)
- 3X Short Ethereum Token (ETHBEAR)
About FTX Leveraged Tokens
FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your trading losses.
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