What Does 3x Long Mean In Crypto

Last Updated on February 16, 2023 by Paganoto

6 Things to Know Before You Buy Leveraged Tokens

A leveraged token allows you to take a leveraged position in a cryptocurrency, meaning your earnings or losses are multiplied. For example, a token called 3X Long Ethereum Token (ETHBULL) triples the profits of an Ethereum investment.Jul 17, 2021

FTX Leveraged Tokens FAQ – Poloniex Support

BULL, the 3X Long Bitcoin Token, represents a Bitcoin long position with 3x leverage. BULL tokens are created to track BTC movements by +3x.

Leveraged Token Walkthrough [READ THIS] – FTX Exchange

Leveraged tokens’ performance will be 3x the underlying performance if you’re measuring since the last rebalance time. In general leveraged …

Why You Shouldn't Hold Leveraged Tokens Long Term

These tokens are essentially funds that use derivatives and leverage to amplify the returns of an underlying asset. Typically, a leveraged token …

Beginners' Guide to KuCoin Leveraged Tokens

E.g.: BTC3L stands for 3x leverage long for BTC, while BTC3S stands for 3x leverage short for BTC. What are the Advantages of KuCoin Leveraged Tokens? 1.No …

What does 3X mean in crypto? [Solved] (2022) – CryptoCoached

What does 3X long mean?

How to Buy 3X Long Bitcoin Token – Coinbase

Under “Pairs” you’ll see the shorthand for 3X Long Bitcoin Token, BULL, plus a second currency. The second currency is what you can use to purchase 3X Long …

3X Long Bitcoin Token Price | BULL Price, USD converter …

3X Long Bitcoin Token Price | BULL Price, USD converter, Charts | Crypto.com. Sign up. Coins 12,833. Market Cap $1,164.97 B USD. 24H Change.

Leveraged Tokens | Alexandria – CoinMarketCap

When the price of a 3X Long Bitcoin Token (or any leveraged token you are using) decreases, the leverage goes up. On the other hand, if the price increases, it …

FTX Leveraged Tokens – Mechanics explained | Medium

Leveraged tokens are ERC20 tokens that leverage exposure to the market. The price behavior is extracted from trading perpetual futures. The tokens have a …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.