Binance-Delists-FTX-Leveraged-Tokens
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.
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.
A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More
The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been burning question… Read More
NFT Trader, peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the… Read More
Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a… Read More
In recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to… Read More
In significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency… Read More