World's largest crypto currency exchange binance set to list its own leveraged tokens om its exchange platform.
Few weeks ago binance delisted all its FTX leveraged token from the platform and stopped trading for those tokens.
Leveraged tokens are an asset that gives the trader leveraged exposure to an underlying asset without need of any collateral.
Each leveraged asset or tokens represent a basket of perpetual contracts to trade future positions.
This year on late march binance delisted all the trading FTX leveraged tokens from its platform saying
This type of products aren't easy for our customers to trade or understand.
Now binance have launched its own leveraged tokens (binance leveraged tokens) as customers demand for this type of products.
Binance claims its new leveraged tokens incur lower fees, offer lower risk and are easy to trade.
It's newly listed leveraged token will be traded at a span of 1.5x to 3x and any trader can use those tokens to trade on leverage.