Fellow Binancians,
Binance will list FTX leveraged tokens BNBBULL and BNBBEAR, and open trading for BNBBULL/USDT, BNBBULL/BUSD, BNBBEAR/USDT and BNBBEAR/BUSD trading pairs at 2020/03/11 7:00 AM (UTC). Users can now start depositing the above leveraged tokens in preparation for trading.
Leveraged Token Listing Fee: 0 BNB.
About BNBBULL and BNBBEAR
BNBBULL and BNBBEAR are ERC20 tokens issued by FTX that have leveraged exposure as shown below:
- 3X Long BNB Token (BNBBULL)
- 3X Short BNB Token (BNBBEAR)
About FTX Leveraged Tokens
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough from FTX here.
Details:
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
2020/03/11
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