Crypto

Fast-growing crypto exchange Bybit launches structured product Shark Fin

VICTORIA, SEYCHELLES – Bybit, the third most visited cryptocurrency exchange in the world, launched a new structured product, Bybit Shark Fin, on August 1, 2022 for all users.

Bybit Shark Fin is a structured, low-risk, principal-protected product that provides greater protection to users’ capital when making a profit. Users contribute their funds to the product and receive income depending on the effectiveness of the strategy. The basic strategy uses up and down call options to generate income.

This means that users of Bybit’s ultra-fast trading platform, which processes up to 100,000 transactions per second, can deposit stablecoins such as USDT or USDC to earn attractive returns with less risk.

Advertising

The final return is calculated based on the estimated price of the underlying asset at the end of the plan, compared to a predetermined price range. You have a choice between 7 and 21 days.

At the end of the period, if the final price falls within the given range, users can receive a maximum return of up to 20%. If the price stabilizes below or above the range, they can gain up to 3% or 10% respectively.

The product includes bullish or bearish strategies that speculate on the rise or fall in the price of the underlying asset. Thus, in a situation where market prices fluctuate back and forth rapidly within a given range of product parameters, subscribers are more likely to get the most bang for their buck.

In a risk environment, many people hold stablecoins and seek low-risk returns for their capital. Bybit, with its commitment to world-class security, insurance fund, and 24/7 customer support in multiple languages, is a popular choice for investors looking to capitalize on their stablecoins.

“Bybit offers a wide range of products to suit every investor, and Bybit Shark Fin is a fantastic addition to our dedicated portfolio of income generating products,” said Ben Zhou, co-founder and CEO of Bybit. “This trading product is ideal for users looking for simple, low-risk investments that settle at regular intervals.”

Bybit Shark Fin is the latest addition to Bybit Earn, an asset management platform that includes Bybit’s asset mining and liquidity pool features. For its enhanced trading products, Bybit has introduced risk-based margin requirements, which means that the Bybit system can use profits from winning positions to consolidate positions during market volatility for maximum capital efficiency.

Hashtags: #Bybit

-ends-

About Baibit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find a super-fast matching engine, excellent customer service, and multilingual community support. Bybit is a proud partner of the Formula 1 racing team, Oracle Red Bull Racing, NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports esports teams, as well as Borussia Dortmund and Avispa Fukuoka football teams.

For more information visit: https://www.bybit.com/

For updates, follow the Bybit social media platforms at
https://discord.com/invite/bybit
https://www.facebook.com/bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit
Click to download

Media contacts
press@bybit.com

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.