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:
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%.