What is BNBDOWN and the other exchanged assets that are named alike (UP/DOWN)

[Passionate]

I would like to ask because I can't seem fight a good explanation about it.

What is BNBDOWN and other exchange assets that are named alike

I saw before SUSHIUP/SUSHIDOWN

Why are those being exchanged?

I would like to know if anyone can explain it to me, a newbie.

[Saxoshi]

Token you mean is xUP/xDOWN called as one type of ETF. The token will be working like you have deal with leverage.

ex:
1if you choose BTCUP you can earn/get profit if bitcoin go rises and loss if bitcoin go down.
2if you choose BTCDOWN you can earn/get profit if bitcoin go down and loss if bitcoin go rises.

[BitMaxz]

Those are leveraged tokens, not the real coin you won't be able to withdraw those tokens you can only trade them inside the exchange.
If you are trading on Binance you can find them on Binance future.

If you want to learn about this it would be better read the whole guide from this link below

- https://academy.binance.com/en/articles/a-beginners-guide-to-binance-leveraged-tokens-blvt

[Findingnemo]

Those are leveraged tokens, not the real coin you won't be able to withdraw those tokens you can only trade them inside the exchange.
If you are trading on Binance you can find them on Binance future.

If you want to learn about this it would be better read the whole guide from this link below

- https://academy.binance.com/en/articles/a-beginners-guide-to-binance-leveraged-tokens-blvt

I never used to such kind of leverage trading, thanks for the guide though but I am not going to try it since the risk is high and its more of a gambling than trading. Also sorry out of sMerit

OP, when you are a newbie why you're choosing the high risky methods, better try spot trading and learn trading strategies, FA and get used to it before take such leaps.

[Passionate]

Saxoshi, Bitmaxz, and Findingnemo

Thanks for sharing knowledge about this. Now it has given me clarity.