Bitget Increases ARP for Shark Fin Products to 5% – Industry High

Bitget, a leading cryptocurrency derivatives and copy trading platform, has announced an update to its Shark Fin product, which has seen a substantial boost in yield. The new APR has increased to 5%, making it the most profitable product of its kind on the market.

The shark fin product line is named for following a yield curve similar to shark fin. This tool is ideal for risk-averse investors looking for a guaranteed payout. The principal and basic interests of users are protected and guaranteed to ensure payment at the time of settlement. The updated 5% APR lock-in period is 7 days, which is 1 to 2% above the standard base APR that applied before the update.

Capital-guaranteed shark fin products provide higher yields for assets in a stable price range during the subscription period. The base rate of return will apply in case of sudden fluctuations in the price of the asset during the relevant period. The Shark Fin is best suited for conservative investors, while those with a high risk appetite may seek higher yields of up to 24% instead of the new base rate of 5%, subject to certain conditions.

“We are pleased to announce the latest upgrade to our Shark Fin product, designed to meet the growing demand of traders for high-yield investment options in the cryptocurrency market and improve the overall profitability of investments. With Shark Fin, users can now Getting a higher base APR allows them to maximize their return on investment,” commented Gracy Chen, managing director of Bitget, at the launch of the new product.

The launch of the upgraded Sharkfin is part of the exchange’s “Beyond Derivatives” initiative, focusing on launching innovative products from the CeFi and DeFi worlds. The strategy is aimed at attracting more users looking for diversified investment options.

Bitget is also expanding its outreach program with the launch of a dual investment financial product – a non-principal guaranteed instrument that offers earning opportunities in two cryptocurrencies. The purpose of the product is to facilitate the buying and selling of crypto assets at low prices for resale at a markup on a predetermined date when the price reaches a target set by the user.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.

Source of information: Compiled from CRYPTODAILY by 0x Information.Copyright belongs to the author, without permission, may not be reproduced

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