Cryptocurrency exchange Bitget has raised the guaranteed annual yield on Shark Fin financial products from 1-2% to 5% per year. ForkLog reported by representatives of the trading platform.
Investors earn a guaranteed 5% per year, and also receive a higher percentage if the asset’s price is within a specified range during the subscription period.
At the time of publication, Bitget offers two Shark Fin products on Bitcoin with the following characteristics:
- subscription duration — seven days;
- price ranges — from $23,800 to $25,800;
- maximum yield — up to 22.18%;
- minimum deposit — 20 USDT or 0.001 BTC.
Example: You invest in Shark Fin with a price range of $20,000 to $22,000. Two scenarios may occur:
- If during the seven days Bitcoin stays within the specified price range, you will earn 7-24% per year;
- If it moves outside the range, you will earn 5% per year.
Shark Fin — fixed-term products, so they cannot be redeemed before the end of the subscription. For more information, see Академии Bitget.
Bitget — crypto exchange offering spot and futures trading, P2P-, OTC deals and copy trading. This is one of the few platforms, that have forged a partnership with TradingView.
In March 2023, Bitget became the official sponsor of Juventus’ women’s team.