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Updates to Binance Leveraged Tokens Subscription and Redemption Rules
Binance
2021-01-18 02:39
Fellow Binancians,
Binance Leveraged Tokens subscription and redemption rules have been updated where the users can subscribe or redeem a leveraged token at net asset value with a daily cap of 1,000 USDT per account. However, the amount may vary according to prevailing market conditions. Please check the Trading Rules of each leveraged token for the most updated subscription and redemption cap.
Risk Warning: Leveraged Tokens are designed for short term bets on market movement, with a preference toward momentum. Long term holding of Binance Leveraged Tokens (BLVT) is risky, as the token has some built-in decay in the absence of momentum movements in favor of the position. Note that BLVT is NOT a replacement for a margin leveraged product, and does not behave the same way. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Leveraged Tokens.
Thanks for your support!
Binance Team
2021/01/18
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