by John Smith 
Binance previously listed Bitcoin leveraged tokens, BTCUP and BTCDOWN .
Tokens that allow, as their name suggests, to speculate up or down on the Bitcoin BTC price, with leverage up to 3x.
The crypto exchange therefore adds leverage tokens for the Ethereum price on July 13, 2020: ETHUP and ETHDOWN.
ETHUP generates leveraged gains when Ethereum price goes up.
ETHDOWN allows you to generate leveraged gains when Ethereum price drops.
Same principle as for Bitcoin leveraged tokens, the trader can speculate up or down on the Ethereum price with leverage up to 3x.
Due to the high level of risk associated with this type of trading and tokens, Binance therefore limits the leverage so that traders do not suffer large capital losses.
Previously, Binance had listed the leveraged tokens from FTX Exchange and had received numerous complaints from individuals who had quickly lost money using these leveraged tokens which can liquidate your position in seconds if the price of a cryptocurrency goes in the opposite direction that you had estimated.
Since then, the crypto exchange has made it more difficult to access leveraged tokens, so you have to go to a specific section of the site to find them.
Despite this, this trading and these risky tokens are popular among traders who know how to use risk management, in particular by allocating their capital up and down on the Bitcoin BTC price.
It is therefore now possible to trade Ethereum leveraged tokens on Binance, you must go to the page dedicated to Binance Leveraged Tokens: click here.
Leveraged Token Trading with Bitcoin Bots
Another success with leveraged tokens is trading with Bitcoin bots and crypto trading bots.
On platforms like Kryll, traders can do automated trading with leveraged tokens on Binance and FTX Exchange, by simply connecting their account with an API key.
Traders can also rent ready-made trading strategies available for rent on the marketplace.
As a reminder that this type of trading is therefore risky but that it pays a lot with leverage if the price moves in the right direction for the trader.
An Ethereum price currently around $242.
