Binance launches leveraged tokens for Ripple XRP, EOS, Polkadot (DOT) and Tron (TRX)
by Alexander Romero 
Bitcoin and cryptocurrency trading continues to evolve and doesn’t look like crypto trading a few years ago.
Thus, trading in crypto derivatives and leveraged tokens is attracting more and more professional traders as well as the general public who use copy trading in particular via Bitcoin robots and crypto trading bots.
While FTX Exchange was a forerunner in leveraged token trading, Binance has also jumped on the bandwagon and announced new leveraged tokens for EOS, Ripple XRP, Polkadot (DOT) and Tron (TRX)!
Cryptocurrencies very popular with professional and amateur traders who will therefore be able to launch trading strategies on these new leveraged tokens on Binance.
Binance offers other leveraged tokens for Bitcoin, BNB, Chainlink, Cardano, the full list can be found on the Binance leveraged tokens page of the trading platform: click here.
As a reminder, leveraged tokens, as the name suggests, allow you to speculate on the rise or fall of the price of a cryptocurrency by benefiting from a leverage effect which therefore makes it possible to multiply the gains but also losses in the event of a price evolution unfavorable to the trader.
Here are the scheduled dates for trading these new leveraged tokens:
09/10/2020 7:00 AM (UTC):
EOSUP/USDT, EOSDOWN/USDT, TRXUP/USDT and TRXDOWN/USDT trading pairs.
09/11/2020 7:00 AM (UTC):
XRPUP/USDT, XRPDOWN/USDT, DOTUP/USDT and DOTDOWN/USDT trading pairs.
EOSUP allows you to generate leveraged earnings when the price of EOS increases.
EOSDOWN allows you to generate leveraged earnings when the price of EOS goes down.
TRXUP allows you to generate leveraged gains when the price of TRX goes up.
TRXDOWN allows you to generate leveraged gains when the TRX price drops.
XRPUP allows you to generate leveraged gains when the price of XRP goes up.
XRPDOWN allows you to generate leveraged gains when the price of XRP drops.
DOTUP allows you to generate leveraged gains when the price of DOT increases.
DOTDOWN allows you to generate leveraged earnings when the DOT price goes down.
Offering leveraged trading for Ripple XRP should certainly meet with some success due to the popularity of this token, the 4th largest cryptocurrency on the market in terms of capitalization.
If you want to trade leveraged tokens, just open a free account on Binance: click here.
