Bundle Leveraged Tokens (BLVT) allows you to hold leverage on a cryptocurrency that can either multiply the loss or profit you gain on an asset.
For Example: If you buy a leveraged token let’s say “TRXUP”, it allows you to gain up to 4X more returns if the price of TRX should increase after your initial investment. Think of it as a booster coin.
You can trade BLVTs when you’re looking to:
The following steps below will show you how to trade BLVT:
And you’re done!
You can click here if you want to make to start trading BLVTs.
What is the Level of Leverage on BLVT 🎚
To minimise the risk of liquidation on leveraged tokens, BLVT’s have a target leverage range. This allows the leveraged tokens to maintain variable leverage between 1.25x and 4x.
Can I withdraw Binance Leveraged Tokens to my wallet 👛
No, only the buy and sell features are available.
How long should I hold a BLVT ⏰
Leveraged tokens should only be used for short-term trades. If you hold leveraged tokens for too long, there might be a potential negative impact on the token’s daily rebalancing which can affect your performance return.
What makes BLVT Unique? 😎
Because BLVT doesn’t have to maintain constant leverage, they can rebalance under extreme market volatility to maximise profits and minimise losses. Hence, they don’t rebalance every day.
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