Poloniex Crypto Exchange adds New FTX Leveraged Tokens
Poloniex crypto exchange has announced that it will add new leveraged tokens to its trading platform.
“New leveraged token listings. We’re adding EOSBULL, EOSBEAR, XRPBULL, XRPBEAR, LINKBULL and LINKBEAR to Poloniex today!”
📈 New Leveraged Token Listings 📉
We’re adding $EOSBULL, $EOSBEAR, $XRPBULL, $XRPBEAR, $LINKBULL, and $LINKBEAR to #Poloniex today!
— Poloniex Exchange (@Poloniex) May 15, 2020
Tokens that allow you to do leverage margin trading by simply buying a token on the crypto exchange.
Bitcoin futures type margin trading is becoming more and more popular among traders even if it is very risky.
A leveraged token allows you to multiply the profit on your stake thanks to leverage.
In the case of Poloniex, EOSBULL, EOSBEAR, XRPBULL, XRPBEAR, LINKBULL and LINKBEAR are leveraged tokens that allow you to obtain leverage up to 3x on EOS, XRP and LINK cryptocurrencies.
Poloniex also offers leveraged tokens trading for Tron (TRX), Ethereum (ETH), Bitcoin Cash (BCH) and USDT with ETHBULL, ETHBEAR, BCHBULL, BCHBEAR, BULL/USDT, BEAR/USDT, TRXBULL/USDT and TRXBEAR/USDT.
And also with Bitcoin SV with BSVBULL/USDT and BSVBEAR/USDT.
Traders registered on Poloniex can therefore easily do margin trading with these leveraged tokens.
Directly on the trading platform or with a crypto trading bot connected to Poloniex via an automated crypto trading platform such as 3commas, Cryptohopper or Haasbot for example.
See our guide about the best crypto trading bots 2020 and those that allow margin trading with a Bitcoin bot.
The Poloniex crypto exchange was recently bought by Justin Sun of Tron.
A fast growing margin trading with leveraged tokens, read our article about the new leveraged tokens added by Binance: click here.