Image credit: Bitget
Leading crypto exchange Bitget.com is already well known for its trading products, easy on-off ramp fiat solutions and copy trading platform. But what are the other products the exchange offers?
Bitget Shark Fin is a crypto product that combines a high annual yield rate (APR) with financial trading products highly popular within the crypto markets.
The name “Shark Fin” is derived from the yield curve, which looks like a shark fin sticking out of the water. It is an investment product suitable for conservative investors who prefer lower risks and steady income, as it is a principal-guaranteed product with a lockup period.
The main objective of Shark Fin is to limit and reduce the impact of price volatility on investors. It provides investors with higher yields only if the asset’s price stays within a predetermined range during the subscription period. If the price fluctuates outside the specified range during this period, called a knockout, investors will only receive the guaranteed APR.
Investors can subscribe to the tokens listed by Shark Fin products based on the estimated APR, price range, subscription period, and price range predictions. Traders will receive both the principal and yield after the maturity date.
However, it’s essential to note that Shark Fin is a lock-up product, and early redemption is not supported.
What are the advantages of Shark Fin?
Four main advantages are:
– Principal guaranteed. Shark Fin provides a principal guarantee, which means that the original investment amount is protected regardless of price fluctuations. This feature is particularly appealing to long-term cryptocurrency holders with a low-risk tolerance.
– Guarantee basic APR & pursue higher yields. Accurately estimating where the price range will be during the subscription period can generate yields much higher than the market average.
– One-click subscription. Investors who wish to subscribe to Shark Fin will only need to estimate the possible price range and select the corresponding product. The rest will be handled by our system, allowing you to enjoy a lower risk and higher yield.
– Maximise returns. Given the nature of this investment option, Shark Fin can create better yields in relatively stable markets with low volatility. Investors could achieve the maximum returns in the price range recommended by Shark Fin.
For more detailed information on how to start using Shark Fin, visit the Bitget academy article here.
Bitget, established in 2018, is the world’s leading crypto exchange with a core focus on social trading, currently serving over eight million users in more than 100 countries worldwide. The exchange is committed to providing users with secure, professional, and one-stop trading solutions and aims to increase crypto adoption through collaborations with credible partners.
Bitget is the exclusive crypto exchange partner with legendary Argentinian footballer Lionel Messi, the official eSports events organizer PGL, and the first sleeve partner of the leading Italian football team Juventus.
To safeguard users’ funds on the platform, Bitget adopts top-notch security and protection measures, including a $300m protection fund, a fund custody service, pledged to be fully reserved by the Merkle Tree Proof of Reserves model.
To learn more about Bitget, please visit https://www.bitget.com.
The value of your investments can go down as well as up and you may get back less than you originally invested.