Binance also has long and short leveraged tokens, but there are also tokens that can be leveraged in the general spot market. There are Upcoins, which are leveraged by 1.25 to 4 times when they rise, and Downcoins, which increase in price when they fall.
This may not seem like a big deal in terms of ratio, but when volatility increases, leverage also changes, so it can accompany huge ups and downs.
This is Ada Upcoin's weekly candle chart, and when it rose close to 350 won, it fell by over 90% until it fell below 30 won. This is the fear of leveraged tokens.
In order to reduce liquidation and prevent investors from profiting and predicting when leverage is fixed, the multiplier of the leveraged token is arbitrarily adjusted by Binance. Between 1.25 and 4 times.
What do you think of these up-down coins? It looks very scary.