OKX, a leading global cryptocurrency exchange, has unveiled Shark Fin, an innovative structured product designed to help users earn USDT yields by predicting the price movements of Bitcoin (BTC) and Ethereum (ETH) over a 7-day period. This product stands out for its principal protection and no service fees, offering flexibility in bullish or bearish market conditions.
Key Features of OKX Shark Fin
- Market-Neutral Earnings: Users earn yields whether BTC/ETH prices rise or fall within a specified range.
- Principal Protection: Safeguards the invested USDT amount throughout the product term.
Two-Tier Yield Structure:
- Maximum Yield: If the asset price stays within the predicted range.
- Basic APY: If the price moves outside the range.
- Zero Fees: No hidden charges or service fees.
How It Works
- Users invest a minimum of 100 USDT.
- Choose a price range (bullish or bearish) for BTC/ETH over 7 days.
Earn USDT yields based on the asset’s closing price:
- Higher yield for correct predictions.
- Base yield if the prediction is incorrect.
Benefits for Traders
- Risk Management: Protects principal while offering upside potential.
- Simplified Strategy: No complex trading required—just predict price ranges.
- Transparent Terms: Clear yield calculations and no fees.
Lennix Lai, OKX Managing Director, highlights:
"Shark Fin empowers traders to capitalize on market movements without risking their principal. It’s part of our commitment to diverse, risk-aware investment tools."
Availability
- Subscription Window: Opens every Thursday at 12:00 UTC for 24 hours.
- Supported Assets: BTC and ETH.
FAQs
Q: What’s the minimum investment for Shark Fin?
A: 100 USDT.
Q: Are there fees for using Shark Fin?
A: No service fees are charged.
Q: How is the yield calculated?
A: Yields depend on whether the asset’s price stays within your chosen range:
- In-range: Maximum yield.
- Out-of-range: Basic APY.
Q: When can I subscribe?
A: Every Thursday at 12:00 UTC for 24 hours.
About OKX
OKX is a top-tier crypto exchange and Web3 innovator, trusted for its:
- High trading volume (ranked #2 globally).
- OKX Wallet: A secure gateway to DeFi, NFTs, and dApps.
- Partnerships: Manchester City F.C., McLaren F1, and more.
- Transparency: Monthly Proof of Reserves audits.
Visit OKX to explore Shark Fin and other advanced trading tools.
Disclaimer: This content is for informational purposes only. Digital assets involve risks; consult a financial advisor before investing.