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Binance Launches Its Own Leveraged Tokens After Removing FTX

Ramsey Baker

Summary: Binance has released their own leveraged tokens, providing customers with greater price swing accessibility. The launch of these new leveraged tokens comes just a couple weeks after Binance announced the delisting of FTX leveraged tokens due to them being too confusing for customers. Binance claims that their new leverage tokens will incur smaller fees, tout ...

Binance has released their own leveraged tokens, providing customers with greater price swing accessibility.

The launch of these new leveraged tokens comes just a couple weeks after Binance announced the delisting of FTX leveraged tokens due to them being too confusing for customers.

Binance claims that their new leverage tokens will incur smaller fees, tout less risk, and give enhanced protection compared with competing products. The tokens span 1.5x to 3x leverage, and do not house forced rebalancing outside of necessity.

By Ramsey Baker

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Link: Binance Launches Its Own Leveraged Tokens After Removing FTX   [Copy]
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