Fellow Binancians,
Binance will launch Binance Leveraged Tokens (BLVT) and simultaneously list the first pair of leveraged tokens, BTCUP and BTCDOWN, on 2020/05/14 at 10:00 AM (UTC), with BTCUP/USDT and BTCDOWN/USDT trading pairs. BTCUP and BTCDOWN will only be available to trade via Binance Spot tradingâs advanced interface (after the listing time above) and are not yet available to trade via Binanceâs Spot Basic/Classic trading interfaces or mobile trading apps.
Binance Leveraged Tokens (BLVT) are newly designed by Binance, after careful consideration of user requests and evaluation of existing leverage products. Binance Leveraged Tokens provide lower risks and fees compared to derivatives and other conventional leveraged tokens (not issued by Binance), providing users with better protection.
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.
The new Binance Leveraged Tokens (BLVT) have the following characteristics:
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:
Note:
The blockchain industry is still in its nascent stage. Every Binance product is launched and then matures based on our close attention to user feedback and suggestions. We welcome your feedback on Binance Leveraged Tokens (BLVT) as well as any feedback on existing or previously listed leveraged tokens. Please reach out to lvt@binance.com.
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.
Thanks for your support!
Binance Team
2020/05/12
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