<p>Binance Leveraged Tokens are tradable assets in the Binance spot market that give you leveraged exposure to the underlying asset. Unlike leveraged trading, you could get into a leveraged position without the need of having any collaterals, maintaining margin maintenance and worrying about the liquidation risk.</p><p>Unlike conventional leveraged token, Binance Leveraged Tokens do not maintain a constant leverage. Instead, Binance Leveraged Tokens maintain a constant target leverage range between 1.5x and 3x. This would maximize profitability on upswings, and minimize losses to avoid liquidation.</p>

BTCUP

BTCUP is a long Bitcoin token, which generates leveraged gains between 1.5x to 3x, when Bitcoin goes up. Issued by Binance.

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%name%: Latest News, Social Media Updates and Insights

Crypto exchange Binance announced discontinuing trading and subscription services for its leveraged token offerings, including Bitcoin, Ethereum, and its BNB Coin, effective Feb. 28. According to the Feb. 19 statement, the exchange will delist these tokens and halt redemption by April 3. The affected leveraged tokens are BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP […]
The post Binance discontinues leveraged tokens amid a quiet market share rebound appeared first on CryptoSlate.

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Binance discontinues leveraged tokens amid a quiet market share rebound

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