Binance Cryptocurrency exchange has announced that it will be removing all FTX Exchange’s leveraged tokens from it’s platform. According to the announcement, the exchange has decided to delist FTX tokens due to lack of understanding of how leveraged tokens work by many of our users.
What are FTX Leveraged Tokens?
FTX launched leveraged tokens in late 2019. Leveraged tokens are ERC20 tokens that have leveraged exposure to crypto. Different from margin trading with traditional tokens, leveraged tokens require no collateral when traded on margin.
Leveraged tokens have the ability to Manage Liquidation Risk, Simplify Margin Trading and Auto Leverage Adjustment. Each leveraged token gets its price action by trading FTX perpetual futures. Click here to view the full list of FTX Tokens.
