Fast-Growing Crypto Exchange Bybit Launches Shark Fin Structured Product

Shark Fin offers low risk and capital protection to customers

NEWS RELEASE BY BYBIT

Victoria, Seychelles |

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

Bybit Shark Fin is a low risk, principal protected structured product that affords better capital protection to users as they reap profit. Users deposit their funds into the product and receive a yield based on the performance of the strategy. The underlying strategy utilizes up-and-out call options to generate the yield.

This means users of Bybit’s ultra-fast trading platform — processing up to 100K transactions per second — can deposit stablecoins, such as USDT or USDC, to earn attractive yields with lower risk.

The final yield is calculated based on the settlement price of the underlying asset when the plan expires, in comparison to the preset price range. There are time periods to choose from between seven and 21 days.

At the end of the time period, if the final price is within the preset range, users can receive a maximum yield of up to 20%. If the price settles below or above the range they can receive up to 3% or 10% respectively.

The product includes bullish or bearish strategies that speculate on whether or not the price of the underlying asset will rise or fall. Therefore, in a situation where market prices fluctuate rapidly in either direction within the given product parameter range, subscribers have a better chance at achieving the best yield.

In a risk-off environment, many people are holding stablecoins, and seeking a low-risk yield for their capital. Bybit, with its commitment to world-class security, an insurance fund, and 24/7 customer service in multiple languages, is a popular choice for investors looking to earn yield on their stablecoins.

“Bybit has a wide range of products suitable for every investor, and Bybit Shark Fin is a fantastic addition to our specialist suite of yield-generating products,” said Ben Zhou, co-founder and CEO of Bybit. “This trading product is perfect for users looking for a simple, low-risk investment that is settled at regular intervals.”

Bybit Shark Fin is the latest addition to Bybit Earn, an asset management platform that includes

Bybit’s dual asset and liquidity mining pool features. For its extensive trading products, Bybit has created a risk-based margin requirement, which means that Bybit’s system can deploy profits from winning positions to shore up a position during market volatility for maximum capital efficiency.

About Bybit

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

For media inquiries, please contact: press@bybit.com

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

Contact Details

Dan Edelstein

pr@marketacross.com