We’re excited to introduce FTX leveraged tokens on Poloniex!
BULL, BEAR, TRXBULL, and TRXBEAR are ERC-20 tokens that are issued by FTX and have leveraged exposure as shown below:
- BULL: 3X Long Bitcoin Token
- BEAR: 3X Short Bitcoin Token
- TRXBULL: 3X Long TRX Token
- TRXBEAR: 3X Short TRX Token
What are leveraged tokens?
Leveraged tokens are similar to other ERC-20 tokens in the sense that they can be traded, held, or transferred the same as any other token. The main difference with leveraged tokens is that they provide leveraged exposure to crypto assets without having to worry about collateral, margin, liquidation prices, or anything else that you’d need to manage with regular margin trading.
FTX has many resources available to learn more about their leveraged tokens. You can check out their Help Center article or watch their explainer video below.
Please note: Leveraged tokens are higher risk than other spot markets and potentially more volatile. Before trading, please consider the information detailed in our Help Center.