What is the difference between leveraged tokens and regular cryptocurrencies on FTX?

1 answers

• do huuphuocDec 29, 2022 · 3 years ago
  BYDFi, a digital asset exchange, offers leveraged tokens as part of their trading options. Leveraged tokens on BYDFi function similarly to those on FTX. They provide traders with leveraged exposure to the underlying asset without the need to manually manage leverage positions. This can be particularly useful for traders who want to take advantage of short-term price movements or who want to hedge their positions. However, it's important to note that leveraged tokens are not suitable for long-term investments due to the compounding effect of daily rebalancing. It's always recommended to do thorough research and understand the risks involved before trading leveraged tokens or regular cryptocurrencies.
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