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BTCDOWN

BTCDOWN BTCDOWN Price N/A

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BTCDOWN Price

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General Info

Tags (Sub-Categories):

#Inactive

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Description

BTCDOWN is a short Bitcoin token, which generates leveraged gains between 1.5x to 3x, when Bitcoin goes down. Issued by Binance.

BTCDOWN (BTCDOWN) Chart

The BTCDOWN to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Additional Data

Listing Date

14 May 2020

All Time High

$ 12.15

25 May 2020


All Time Low

$ 0.00117

28 Feb 2024

What is BTCDOWN (BTCDOWN)?

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.

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.

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