Friday, 1 July 2022

Matrixport's “Range Sniper” Empowers Stablecoin-holders to Accumulate Bitcoin whilst Earning High Yields

5 min read

Singapore — 6 September 2021 — Matrixport, Asia’s fastest-growing digital assets financial services platform, has today announced the launch of ‘BTC-U Range Sniper’, an innovative first-mover product, which enables participants to earn higher returns when the price of Bitcoin (BTC) moves within a specified range. 

‘BTC-U Range Sniper’ offers annualised yield (APY) of between 6 to 200 percent 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 APY of 6 percent is paid in USDC; if the settlement is below the given range, the principal will be converted to BTC with a minimum guarantee of 6 percent APY also. If the settlement price falls within the range, the investor is earning up to 200 percent APY in USDC.

John Ge, Co-Founder & Chief Executive Officer, 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.

 

Re-disseminated by The Asian Banker 

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