Dear Bilaxy Users,
Bilaxy lists leveraged tokens BULL, BEAR , and open trading for BULL/USDT, BEAR/USDT trading pairs. Users can now start trading the above leveraged tokens. Withdrawal function has been opened.
About BULL, BEAR
BULL, BEAR are ERC20 tokens issued by FTX that have leveraged exposure as shown below:
- 3X Long Bitcoin Token (BULL)
- 3X Short Bitcoin Token (BEAR)
Leveraged tokens are ERC20 tokens that have leveraged exposure to crypto.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the leveraged tokens work, please read a detailed guide and walkthrough here: FTX Leveraged Tokens
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Bilaxy will make best efforts to choose high quality coins, but will not be responsible for your trading losses.
Thanks for your support!