Binance will list FTX leveraged tokens EOSBULL, EOSBEAR, XRPBULL and XRPBEAR, and open trading for EOSBULL/USDT, EOSBULL/BUSD, EOSBEAR/USDT, EOSBEAR/BUSD, XRPBULL/USDT, XRPBULL/BUSD, XRPBEAR/USDT and XRPBULL/BUSD trading pairs at 2020/02/12 08:00 AM (UTC). Users can now start depositing the above leveraged tokens in preparation for trading.
Leveraged Token Listing Fee: 0 BNB.
About EOSBULL, EOSBEAR, XRPBULL and XRPBEAR
EOSBULL, EOSBEAR, XRPBULL and XRPBEAR are ERC20 & BEP2 tokens issued by FTX that have leveraged exposure as shown below:
- 3X Long EOS Token (EOSBULL)
- 3X Short EOS Token (EOSBEAR)
- 3X Long XRP Token (XRPBULL)
- 3X Short XRP Token (XRPBEAR)
About FTX Leveraged Tokens
FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using EOSBULL, a 3x long EOS token as an example, for every 1% EOS goes up in a day, EOSBULL goes up 3%; for every 1% EOS goes down, EOSBULL 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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