Binance Adds Its Own Leveraged Tokens After Removing FTX

[SRShanuka2020]

Binance Adds Its Own Leveraged Tokens After Removing FTX

Binance has launched new leveraged tokens, giving customers greater price swing accessibility.

"Leverage Tokens are a tradable asset that gives users leveraged exposure to the underlying asset without the need of maintaining collaterals, margin maintenance and liquidation risk," Binance said in a question and answer document provided to Cointelegraph, adding:

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[jonathancool220]

Leverage Token created by Binance is indeed good for trading, but if we don't know how to trade it, it will be difficult to experience something beneficial.
Once again, check the rules that are changed because every token or feature that is launched must be different.

Leverage tokens also don't want to lose because I make sure all assets in Binance are business.

[kent47400]

Binance has an advantage over this problem because I see this is the real goal of Binance.
Binance wants to be independent and create something different from the others, like the business that continues to rotate in the Binance circle.

[Dora Walletinvestor]

Sounds like a smart move. It's probably a good opportunity. As another commenter has said before, make sure you update yourself on the rules that are relevant to this new product.

[damsix]

Sounds like a smart move. It's probably a good opportunity. As another commenter has said before, make sure you update yourself on the rules that are relevant to this new product.

This is not about the truth being good but it is something that Binance has valued by replacing other tokens with tokens it creates.
It may take a few steps to adjust if Binance is going to be able to compete with the cryptocurrency market in its Leverage trading system.