Dear Bidesk customers,
Bidesk will list BTC3L, BTC3S, ETH3L, ETH3S at 2020/04/09 10:00 AM (UTC), with BTC3L/USDT, BTC3S/USDT, ETH3L and ETH3S/USDT trading pairs.
About Leveraged ETF Tokens
Bidesk Leveraged ETF Token is a margin product based on the underlying digital asset. Through leveraged ETF Tokens, the gains and losses can be magnified.
Example: For every 1% increase in BTC price, "BTC3L" - a 3x long BTC token will gain 3%. For every 1% drop in BTC Price, "BTC3S" - a 3x short BTC token will gain by 3%.
What Are The Fees?
Trading fee: Maker: 01.%, Taker: 0.1%
A 0.1% position management fee will be charged every 24 hours. This fee will be deducted directly from the net value of the ETF position at 00:00:00 (UTC).
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Bidesk will make best efforts to choose high quality coins, but will not be responsible for your trading losses.
Thanks for your support!
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