Dear valued users,
We have listed FTX leveraged tokens BULL, BEAR, ETHBULL and ETHBEAR. You can now trade for BULL/BEAR, ETHBULL/ETHBEAR, XRPBULL/XRPBEAR, ETHBULL/ETHBEAR trading pairs.
What Are Leveraged Tokens?
Leveraged tokens are ERC20 tokens that have leveraged exposure to crypto.
For example, take ETHBULL, a 3x long ETH token. For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
About BULL, BEAR, ETHBULL and ETHBEAR
BULL, BEAR, ETHBULL and ETHBEAR are ERC20 & BEP2 tokens issued by FTX that have leveraged exposure as shown below:
- 3X Long Bitcoin Token (BULL)
- 3X Short Bitcoin Token (BEAR)
- 3X Long Ethereum Token (ETHBULL)
- 3X Short Ethereum Token (ETHBEAR)
Note: Leveraged Tokens are high risk products. Only trade them if you understand how they work. They might gain or lose large amounts of their value in a day.