Matrixport launches 'BTC-U Range Sniper'-up to 200% return for precise predictions-Finance Bitcoin News

The Financial Asset Services platform Matrixport has introduced a variety of new products since the company applied $ 100 million in a series C financing round during the first week of August. After the company's introduction of the company's earnings service, Matrixport has introduced another service product called "BTC-U Range Sniper", with which dealers can achieve high returns if the Bitcoin values ​​move within a certain price range.

Matrixport leads ether staking and range Sniper Bitcoin product

The in Singapore matrixport has presented a number of new products revealed 100 million US dollar last month. On August 25, the startup started its earnings service "ETH2.0 Staking Earn", the Ethereum (eth).

BTC-U Range Sniper participants can achieve annualized returns "between 6 % and 200 % in both" usdt /usdc or btc "dependent on the bitcoin price ( btc ) at the time of billing.

There are three ways to settle Range Sniper dealers. either by earning a minimum of 6% apy, if the billing price is above the specified range or if it is below the specified range, "the capital amount is converted into" btc with a minimum guarantee of 6% apy. " If the selected billing price is finally precise and is within the range, an investor can earn up to 200% in USDC.

Matrixport Executive: Range Sniper enables people to ride the innate volatility of Bitcoin

John GE, co-founder and CEO of Matrixport, explained that the range Sniper product such as stable coins can be an advantage. "Stable coins are an important way for Fiat ramps and a great entry point for crypto-newcomers," remarked Ge.

"However," added the manager of Matrixport, "Many StableCoin owners want to collect now btc at the same time. 'BTC-U Range Sniper' is a user-friendly crypto investment product with which we enable users to continue to achieve or continue to achieve attractive stable coin yields btc ’s Congratulations to accumulate more btc ."

Matrixport describes itself as a "crypto finance service company from a single source" and the startup clearly describes its services with "$ 5 billion in monthly trading volume". The company competes with a number of stock exchanges that offer crypto options and permanent swap products such as Deribit, Okex, Ledgerx and CME Group.

The stock exchange Deribit dominates the top position, insofar as Bitcoin ( btc ) option open interest and volume, according to distortion analysis . However, Matrixport has the Bit.com appointment exchange, which is often the second or third largest option provider with Okex on a monthly basis.

What do you think of the BTC-U Range Sniper concept? Let us know your opinion on this topic in the comments below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons