Binance Lists FTX Leverage Tokens BNBBULL and BNBBEAR
On March 11, 2020, Binance announced they have listed FTX leveraged tokens for BNB. These tokens are listed as BNBBULL and BNBBEAR.
Upon launch, the tokens will be traded on the following pairs: BNBBULL/USDT, BNBBULL/BUSD, BNBBEAR/USDT, and BNBBEAR/BUSD.
What are leverage tokens?
Leverage tokens are ERC20 tokens that are issued by FTX with leveraged exposure to specific assets. In this case, the exposure is to 3x Long BNB and 3x Short BNB.
BNBBULL and BNBBEAR are available for spot market trading through the Shrimpy application for all Binance customers. Sign up today to begin automating your crypto portfolio!
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