Wisebitcoin Adds Leveraged ETF Tokens in Appeal to Professional Traders

Wed, 03/17/2021 - 15:16
Wisebitcoin Adds Leveraged ETF Tokens in Appeal to Professional Traders
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Wisebitcoin, a fast-growing cryptocurrency exchange, announced its addition of leveraged ETF tokens for spot trading. These include established digital assets such as BTC and ETH, as well as emerging ones, such as SUSHI, UNI, and COMP. The new feature is part of the platform’s focus on providing professional traders with new ways to participate in the burgeoning markets.

Image by Wisebitcoin

These ETF tokens are designed to track the price movements of a particular digital asset, giving traders exposure to its gains and losses without owning it. More importantly, Wisebitcoin’s ETF tokens are leveraged. They make use of a trading strategy where additional funds are borrowed in order to increase exposure in a position. 

Leverage has the effect of amplifying both the potential gains and losses. For example, if a trader holds a leveraged position on the price of ETH and it goes up by 10 percent, the trader stands to earn 30 percent in profits. If the price drops 10 percent, they will lose 30 percent instead. On Wisebitcoin, traders have the opportunity to participate in ETF tokens with 3X leverage on long and short positions.

Wisebitcoin Senior Advisor JW Cho shared his outlook on the new feature. “We’re excited to launch our new leveraged ETF token since we’re always looking to offer professional traders better ways to trade. Our user-focused features and tools continue to be our main competitive advantage.”

Leveraged ETF tokens are known to have better performance in trending market conditions when compared to futures. Their inclusion on the Wisebitcoin platform signals the exchange’s commitment to offering traders with the best alternatives on the market. Other appealing features on Wisebitcoin include leveraged contract trading and an insurance fund on USDT perpetual swaps.

About Wisebitcoin

Wisebitcoin is a decentralized global exchange for professional traders with a multicultural team of over 50 specialists. It’s part of a cloud ecosystem with $6 billion in daily trading volume and over 2.3 million transactions per second on single trading pairs. The platform provides unparalleled services such as 100X leverage on contract trading, 24/7 live phone support, cloud infrastructure, affiliate programs, and deep liquidity. Other important features include a user-friendly interface, a mobile app, and an insurance fund for asset protection.

To learn more visit www.wisebitcoin.com or https://twitter.com/wisebitcoin


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