Dear LBank users,
 
LBank ETF will launch ARB and ID at 09:00 on April 14, 2023 (UTC) with 3x leverage.
More details can be found in the table below:
 
Token 3X Buy (Long) 3X Sell (Short)
ARB ARB3L/USDT ARB3S/USDT
ID ID3L/USDT ID3S/USDT
 
※ "3L" means 3x buy long, "3S" means 3x sell short.
 
Risk Warning:
Welcome to trade LBank ETF products, where you can easily amplify your profits by taking long or short positions.
  1. Leveraged ETF products are newly emerged financial derivatives. LBank will not provide any financial advice regarding leveraged ETF trading. Please make prudent investment decisions.
  2. Leveraged ETFs greatly reduce the risk of forced liquidation, but there is a risk of approaching zero and liquidation in extreme market conditions. Please pay attention to the difference between the net asset value and the price to avoid losses.
  3. A management fee of 0.1% will be charged.
 
More Details: Guide for Leveraged ETF
 

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Risk Warning: Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and LBank is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material shall not be construed as financial advice in any case. LBank reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.