Binance lists Ethereum leverage tokens ETHUP and ETHDOWN

Binance has officially launched Ethereum’s leveraged tokens ETHUP (long ETH) and ETHDOWN (short ETH), and opened ETHUP/USDT, ETHDOWN/USDT trading markets. Binance stated that Binance Leverage Token is a token with leverage function (non-chain token) issued by Binance. Behind each leveraged token is a basket of Binance Perpetual Contract positions. The leveraged token price will track the price changes of the Binance perpetual contract market, and will then produce the rise and fall of the leverage level.