Binance’s most interesting new #bstock is not another tech name. It is $UVXYB .
Trading opened at 12:00 UTC today for the tokenized security linked to ProShares Ultra VIX Short-Term Futures #etf . The underlying ETF targets 1.5x the daily return of a short-term VIX futures index. Daily is the key word: it does not track spot VIX, and longer holding periods can behave very differently from that daily target.
#Binance also made $UVXYB eligible collateral in Cross Margin, Portfolio Margin and Portfolio Margin Pro, while borrowing is not supported.
The headline is access. The trader takeaway is mechanics: this is a short-horizon volatility tool, not permanent crash insurance.
Trading opened at 12:00 UTC today for the tokenized security linked to ProShares Ultra VIX Short-Term Futures #etf . The underlying ETF targets 1.5x the daily return of a short-term VIX futures index. Daily is the key word: it does not track spot VIX, and longer holding periods can behave very differently from that daily target.
#Binance also made $UVXYB eligible collateral in Cross Margin, Portfolio Margin and Portfolio Margin Pro, while borrowing is not supported.
The headline is access. The trader takeaway is mechanics: this is a short-horizon volatility tool, not permanent crash insurance.