Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that give users leveraged exposure to the underlying asset. Each leveraged token represents a basket of perpetual contract positions. The price of the tokens tracks the change in the notional amount of the perpetual contract positions in the basket and changes in the multiples of leverage level.

XRPDOWN (XRPDOWN) allows users to generate leveraged gains when XRP decreases in price.