ProBit Exchange, a top 30 exchange on CoinMarketCap, will list 3 FTX leveraged tokens including BTCBULL, BTCBEAR, and BTCHEDGE that will unlock 3X leveraged returns following the high demand from the community. These tokens were designed and minted by FTX and will enable not only leveraged returns to traders but also the ability to hold a long or short position by holding these tokens. Traders may take bets on the direction of BTC without having to maintain a margin.
Deposits for BTCBULL, BTCBEAR, and BTCHEDGE will open on July 3, 2020, at 12:00 KST. The new leveraged tokens will be accompanied by an exclusive, special zero maker fee promotion starting once trading against USDT and KRW starts on July 3, 2020, at 18:00 KST.
The special offer will be available up until July 31, 2020, at 12:00 KST and is applicable until the order is canceled or completed. While maker fees have been set to zero during this promotional period, users may take full advantage of the trade mining program to lower their effective taker side trading fees.
Traders will be able to take on a long position through BULL (+3), short positions with BEAR (-3), as well as HEDGE (-1). If the BTC market were to jump by 2% then BTCBULL would aim to increase by 6%, BTCBEAR would aim to decrease by 6%, and BTCHEDGE would aim to decrease by 2%.
Any profits or losses will be directed into the asset holding in order to maintain leverage and minimize liquidation risks. Another advantage gleaned is the fact that these leveraged tokens are ERC-20 tokens and have all the benefits of being a standard Ethereum token.
ProBit Exchange Dominates Headlines
PROB tokens have seen the highest growth of any exchange token with a massive jump of 161.7% YTD growth and currently b. Priced at $0.0751 on January 1, 2020, the flurry of activities centered around the token including trade mining, stake mining, and VIP membership trading discounts vaulted the price up to 0.19997 as of July 3, 2020.
Furthermore, ProBit Exchange also has the most listings during the months of May and June 2020 out of any exchange globally, having introduced 23 new tokens onto their successful secondary markets.
In order to address the accelerated expansion into major international markets, ProBit Exchange now boasts 31 languages, the most out of any exchange and outpacing Binance and Coinbase. ProBit seeks to add maximum value for her users by adding localization features in order to accommodate their diverse and growing user base around the globe.
BTCBULL, BTCBEAR, and BTCHEDGE will be paired with both USDT and KRW:
|Ticker of Token on ProBit Exchange||Leveraged return managed by FTX|
|BTCBULL (Known on FTX as BULL)||3X Long BTC|
|BTCBEAR (Known on FTX as BEAR)||3X Short BTC|
|BTCHEDGE (Known as HEDGE on FTX)||1X Short BTC|
It is important to note that leveraged trading is a high-risk venture and that any traders who participate do so of their own volition while fully accepting and understanding the financial risks. Traders of FTX leveraged tokens also understand that FTX is solely responsible for the tracking of returns.
ABOUT PROBIT EXCHANGE
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 500 trading pairs – one of the highest in the market.
ProBit Exchange Key Figures
100,000+ community members
500,000+ monthly active users
2,500,000 monthly web visitors
40,000,000 users on partnering aggregators and wallets such as CoinMarketCap
Global outreach in 8 key languages & markets provided
Multilingual website supporting 31 different languages
Join our active programs and get a multitude of benefits!
- Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
- Trade Mining: Stake 100,000 PROB and get back 100% of trading fees in PROB when trading BTC, XRP, and ETH pairs.
- Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum
- Referral Program: Earn 10-30% of trading fees for referring friends to ProBit