Fellow Binancians,
Binance will list the second pair of Binance Leveraged Tokens, ETHUP and ETHDOWN, at 2020/07/13 8:00 AM (UTC), with ETHUP/USDT and ETHDOWN/USDT trading pairs.
About Binance Leveraged Tokens (BLVT)
Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that give users leveraged exposure to the underlying asset. Each leveraged token represents a basket of perpetual contract positions. The price of the tokens tracks the change in notional amount of the perpetual contract positions in the basket and changes in the multiples of leverage level.
Please ensure you have fully read the Binance Leveraged Tokens Risk Disclosure Statement prior to trading or participating in any Binance Leveraged Tokens products, and fully understand the risks associated with leveraged tokens. As a trader, you acknowledge and agree that you shall access and use Binance Leveraged Tokens at your own risk.
Further information:
Details:
Risk Warning: Leveraged Tokens are designed for short term bets on market movement, with preference toward momentum. Long term holding of 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. Please use at your own discretion.
Thanks for your support!
Binance Team
2020/07/13
Trade on-the-go with Binance’s crypto trading app:
Find us on
Telegram: https://t.me/binanceexchange
Twitter: https://twitter.com/binance
Facebook: https://www.facebook.com/binance
Instagram: https://www.instagram.com/binance