AscendEX, a full-stack cryptocurrency exchange platform, has informed completing the addition of 7 new leveraged tokens for trading: OP, SOL, FTM, SHIB, ATOM, SAND, and PEOPLE.
Check below for details of the new tokens:
|Leveraged Token||3X Leverage Long||5X Leverage Long||3X Leverage Short||5X Leverage Short|
Leveraged tokens offer traders increased exposure to an underlying asset. Leveraged tokens aim to amplify the returns of the underlying asset at a higher ratio such as 2:1, 5:1, etc.
For example, if the asset price increases by 1%, the 2x (2:1) leveraged token would increase by 2%.