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Crypto Exchange AscendEX Adds New Leveraged Tokens: OP, SOL, FTM, SHIB, ATOM, SAND, PEOPLE

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
OP
OP3L/USDT

OP3S/USDT

SOL
SOL3L/USDT
SOL5L/USDT
SOL3S/USDT
SOL5S/USDT
FTM
FTM3L/USDT
FTM5L/USDT
FTM3S/USDT
FTM5S/USDT
SHIB
SHIB3L/USDT
SHIB5L/USDT
SHIB3S/USDT
SHIB5S/USDT
ATOM
ATOM3L/USDT
ATOM5L/USDT
ATOM3S/USDT
ATOM5S/USDT
SAND
SAND3L/USDT
SAND5L/USDT
SAND3S/USDT
SAND5S/USDT
PEOPLE
PEOPLE3L/USDT
PEOPLE5L/USDT
PEOPLE3S/USDT
PEOPLE5S/USDT

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%.


Source:
AscendEX.com

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