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Binance Leveraged Tokens (BLVT) Target Leverage Range Adjusted to 1.25x - 4x and Will List SUSHIUP, SUSHIDOWN, XLMUP and XLMDOWN

Binance
2020-12-09 02:18
Fellow Binancians,
Binance will list SUSHIUP, SUSHIDOWN, XLMUP and XLMDOWN leveraged tokens with trading open scheduled as below:
  • SUSHIUP/USDT and SUSHIDOWN/USDT trading pairs at 2020/12/10 7:00 AM (UTC)
  • XLMUP/USDT and XLMDOWN/USDT trading pairs at 2020/12/11 7:00 AM (UTC)
In addition, we are excited to announce that the target leverage range of all Binance Leveraged Tokens (BLVT) will be adjusted to between 1.25x and 4x (original target leverage range was between 1.5x and 3x) starting from 2020/12/10 onwards.
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.
  • SUSHIUP - allows you to generate leveraged gains when SUSHI increases in price.
  • SUSHIDOWN - allows you to generate leveraged gains when SUSHI decreases in price.
  • XLMUP - allows you to generate leveraged gains when Stellar Lumens (XLM) increases in price.
  • XLMDOWN - allows you to generate leveraged gains when Stellar Lumens (XLM) decreases in price.
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:
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
2020/12/09
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