New Binance leveraged tokens for Chainlink (LINK) and Cardano (ADA)
Cryptocurrencies very popular and appreciated by traders or the general public, whether for manual or automatic trading with crypto trading bots.
On July 16, 2020 at 8:00 AM (UTC), Binance will therefore list the ADAUP/USDT, ADADOWN/USDT, LINKUP/USDT and LINKDOWN/USDT tokens.
Always the same principle as the other leveraged tokens available on the Binance interface, you can speculate up or down on the price of these cryptocurrencies with a leverage up to 3x.
ADAUP allows you to generate leveraged gains when the price of ADA goes up.
ADADOWN allows you to generate leveraged gains when the ADA price drops.
In addition to the Bitcoin and Ethereum leveraged tokens already available, traders will be able to trade with these Ada and Link leveraged tokens by going to the page dedicated to Binance Leveraged Tokens: click here.
Risky tokens due to the leverage in the event of loss but which yield much more than normal in the event of gains.
The trading of leveraged tokens is increasing with professional traders and individuals thanks in particular to the trading strategies dedicated to these tokens now available on marketplaces like Kryll.
Binance should definitely add more leveraged tokens in the future, the list is already well stocked with such popular cryptocurrencies like Bitcoin, Ethereum, Link and Ada.