Hassan Maishera
KuCoin, also known as the People’s Exchange, announced the listing of four new leveraged token trading pairs via their official Twitter account on Monday, July 10.
Leveraged tokens are a form of cryptocurrency derivative that enables traders to acquire amplified exposure to specific cryptocurrencies without the need to handle margin requirements. Their purpose is to offer traders a simplified method for engaging in leveraged cryptocurrency trading, enabling them to take leveraged long or short positions without the constant need to monitor and manage margins.
KuCoin is known for its vast number of trading pairs. They are inching towards having one thousand trading pairs in total, Our KuCoin review also notes that they have more than 500 supported cryptos on their platform.
The four new leveraged trading pairs listed on KuCoin:
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COMPUP/USDT
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COMPDOWN/USDT
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MKRUP/USDT
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MKRDOWN/USDT
Leveraged tokens can be more volatile, as they can magnify changes in the market, whether up or down.
