Binance BULL and BEAR tokens

Binance BULL and BEAR tokens : Binance keeps listing leveraged tokens BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, XRPBULL, XRPBEAR as investors still need more information about some key details such as how these leveraged tokens work and more importantly how the price is calculated. Additionally, the question of liquidation in leveraged tokens still remains a mystery as neither Binance nor the issuer FTX has made a clear explanation.

Here is a simple explanation on how BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, XRPBULL, XRPBEAR price performances actualize.

BULL : Any upward movement in Bitcoin price by 1% results in 3% increase in BULL price while 1% downward movement would result in 3% fall in BULL price.

BEAR : Any upward movement in Bitcoin price by 1% results in 3% fall in BEAR price while 1% downward movement results in 3% increase in BEAR price.

ETHBULL : Any upward movement in Ethereum price by 1% results in 3% increase in ETHBULL price while 1% downward movement would result in 3% fall in ETHBULL price.

ETHBEAR : Any upward movement in Ethereum price by 1% results in 3% fall in ETHBEAR price while 1% downward movement results in 3% increase in ETHBEAR price.

EOSBULL : Any upward movement in EOS price by 1% results in 3% increase in EOSBULL price while 1% downward movement would result in 3% fall in EOSBULL price.

EOS BEAR : Any upward movement in EOS price by 1% results in 3% fall in EOSBEAR price while 1% downward movement results in 3% increase in EOSBEAR price.

XRPBULL : Any upward movement in XRP price by 1% results in 3% increase in XRPBULL price while 1% downward movement would result in 3% fall in XRPBULL price.

XRPBEAR : Any upward movement in XRP price by 1% results in 3% fall in XRPBEAR price while 1% downward movement results in 3% increase in XRPBEAR price.

Warning : Leveraged tokens involve high risk of heavy losses despite decreasing liquidation risks.

Must read before opening a position on BULL and BEAR tokens : Facts about leveraged tokens

You may also want to know pros and cons : Leveraged tokens pros and cons (advantages and risks)

About Eda Candan 255 Articles
Journalist, Reporter based in Turkey

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