DUBAI: Bybit, one of the world’s fastest-growing cryptocurrency exchanges, announced the launch of leveraged token products on its spot exchange starting with two Bitcoin leveraged tokens, BTC3L and BTC3S.
These leveraged tokens are short-term investment vehicles that let traders reap the benefits of leverage with no margin, collateral, or liquidation risks. They have no margin requirement, offering traders a diversified product that exposes them to greater gains.
In a prominently bull or bear market, leveraged tokens are popular as a diversified trading product that can help make the most out of a volatile market. Each leveraged token is a basket of perpetual contract positions that can be traded on Bybit’s spot exchange. Now, traders can simply buy a leveraged token for exposure to leveraged trades with no fear of margin calls or liquidation.
“We are thrilled to offer our clients another great trading opportunity in launching leveraged tokens,” said Ben Zhou, co-founder, and CEO of Bybit. “We are always looking for ways to help our users capitalize on market opportunities, and leveraged tokens are an excellent addition.”
Bybit’s new leveraged tokens, BTC3L and BTC3S, and BTC3 represent long and short trades on BTC with 3x leverage. So, if BTC moves 1% in a day then BTC3L would move 3% for example.
Bybit recommends leveraged tokens as short-term investments. To help users fully understand the product, the platform has more on Bybit Leveraged Tokens here.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2022 The Global Indian New Network (TGINN)