LBank Exchange Lists Flurry of Fan Tokens™ for Perp Trading
The LBank cryptocurrency exchange has launched perpetual futures for a range of Chiliz Fan Tokens™, including those of international teams and league-winning domestic sides.
LBank, which serves over 20 million users in 160 countries, handles daily trading volume in excess of $3.5B and is a regional sponsor of the Argentina national team.
Read on to find out which Fan Tokens™ LBank has made available to their trading base.
Go to LBankFan Token™ Futures Go Live on LBank
LBank recently announced the listing of three Fan Tokens™, namely Paris Saint-Germain ($PSG), Barcelona ($BAR), and Atlético Madrid ($ATM).
As such, LBank traders can now trade the PSGUSDT perpetual contract with up to 50x leverage, and both the $BAR and $ATM perpetual contracts with up to 20x leverage.
Its support of these three assets was clearly a sign of intent from the exchange, as it has since added several more Fan Tokens™ to its trading interface.
In addition to those listed above, LBank now supports the digital assets of Juventus ($JUV), Manchester City ($CITY), Arsenal ($AFC), and Galatasaray ($GAL), as well as those of World Cup holders Argentina ($ARG) and Nations League champions Portugal ($POR).
LBank is a centralized trading platform created in 2015, and the bulk of its users are located in the Asia and MENA regions.
Fan Token™ Ecosystem Continues to Expand
The LBank listing reflects the continued expansion of the Fan Token™ ecosystem in line with Chiliz’ 2030 vision.
Central to that vision is Chiliz’ ambition to transform into the ‘foundational financial infrastructure layer’ for global sports. Earlier this year, Fan Tokens™ went omni-chain after landing on high-velocity blockchains Solana and Base, thereby increasing liquidity and unlocking DeFi opportunities.
Token supply has also been linked to match outcomes during the World Cup, with over 3M tokens being burned after victories by competing nations. At the time of writing, three Fan Token™ nations (including the LBank-listed $ARG) still have a chance of winning football’s richest prize – and triggering further token burns along the way.
Chiliz aims to widen access to Fan Tokens™, and these new listings feed into that ambition. Chiliz also aims to support advanced trading functionality for the asset class, including staking, lending, prediction markets, and the use of Fan Tokens™ as collateral, while aligning ecosystem growth with long-term value creation through perpetual $CHZ buy-backs funded by Fan Token™ revenues.
Go to LBankThis communication is for informational purposes only and does not constitute financial or investment advice, nor an offer or solicitation to buy or sell any crypto-asset or derivative product. Perpetual futures trading involves significant risk, including the potential loss of the entire invested amount, and may not be suitable for all users. Crypto-assets are highly volatile and largely unregulated in many jurisdictions. Engagement with third-party platforms involves risks, including those specific to their offerings. The Chiliz Group is not liable for any actions, omissions, or compliance of third parties. Terms and conditions may apply.