What is the difference between these coins marked with down and up. Like TRXDOWN AND TRXUP ?

These are perpetual leveraged tokens also known as ETF Coins.

If you buy TRXUP and TRX goes up in value, your position increases in value on TRXUP. Perpetual coins can be any XXXUP / XXXDOWN. The opposite is true for TRXDOWN. You can use TRXDOWN or any other XXXDOWN coin to short if you don’t wanna use futures.

However as they are leveraged therefore ‘interest‘ is still involved. However, Please don’t plan your investment based on perpetual coin because it is linked with the actual coin as it is not always the case.

Leveraged tokens are not a substitute for holding assets in the spot market. However, they provide additional options for traders to gain more exposure and profit in short-term trends. There’s nothing wrong with leveraged tokens if held by the right hands

Check out some of the Leveraged Tokens on Binance : https://www.binance.com/en/leveraged-tokens/tokens/allTokens

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