Matrixport’s first-mover product offers annualized yields of up to 200%.
Singapore, Sept. 6, 2021 — Matrixport, Asia’s fastest-growing digital assets financial services platform, announced today the launch of “BTC-U Range Sniper,” an innovative first-mover product that enables participants to earn higher returns when the price of Bitcoin (BTC) moves within a specified range.
BTC-U Range Sniper offers an annualized yield of between 6% and 200% in either USDT/USDC or BTC depending on the price of BTC upon settlement. If the settlement price is above the given range, the minimum annual percentage yield of 6% is paid in USD Coin (USDC), whereas if the settlement is below the given range, the principal will be converted to BTC with a minimum guarantee of 6% APY as well. If the settlement price falls within the range, the investor would earn up to 200% APY in USDC.
John Ge, co-founder and CEO of Matrixport, said:
“Stablecoins are an important fiat on-ramp pathway and has been a great entry point for the crypto curious. However, many stablecoin holders now desire to accumulate BTC whilst earning higher yields. BTC-U Range Sniper is a user-friendly crypto investment product where we empower users to continue to earn attractive stablecoin yields or ride BTC’s innate volatility to accumulate more BTC.”
Following the recent launch of “ETH2.0 Staking Earn,” BTC-U Range Sniper is yet another innovative first-mover Matrixport product designed to deliver enhanced returns.
Starting from Sept. 6, 2021, users can reserve the product during a fundraising period every Monday from 6:00 pm to 8:00 pm SGT.
For more information on BTC-U Range Sniper, please refer to this factsheet.
Matrixport is one of Asia’s fastest-growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus CustodyTM, spot over the counter, fixed income, structured products, lending, as well as asset management.
Headquartered in Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is: “Get more from your crypto.” The company holds licenses in Hong Kong and Switzerland with over 230 employees serving both institutions and retail customers across Asia and Europe. For more information, visit Matrixport’s website.