Binance Leveraged Tokens are a type of derivative product that offers investors leveraged exposure to an underlying asset. This financial instrument allows users to benefit from greater leverage without the risk of liquidating their position. This means that investors can potentially achieve higher returns from the price movements of a given asset, but with less capital than is typically required for standard leveraged trades.
As for the cryptocurrency ETHDOWN, it is one of the Binance Leveraged Tokens that provides investors with leveraged exposure in the downward direction on Ethereum. In other words, if the price of Ethereum falls, the value of ETHDOWN increases. This token is suitable for investors who speculate on a decline in the price of Ethereum or wish to hedge their portfolio against a potential drop in the value of this cryptocurrency.