Bybit Unveils Low-Risk Shark Fin Structured Product

The cryptocurrency exchange Bybit has added the Shark Fin structured product to the Bybit Earn asset-management platform. Forklog was told by representatives of the exchange.

Shark Fin is an options-based product with a guaranteed minimum return. The amount of additional profit depends on the price of the underlying asset at expiry.

On Bybit Earn there are bullish and bearish Shark Fin with expiry tenors of 7, 14 and 21 days.

“This instrument is ideally suited for users who require low-risk investments with a regular settlement interval,” says Bybit co-founder and CEO Ben Zhou.

Users can contribute Stablecoins Tether (USDT) or USD Coin (USDC). The minimum investment is 100 USDT or 100 USDC. There is no upper limit, but the number of available subscriptions is limited.

Example: a user buys a bullish Shark Fin BTC with a range of $44,000–$48,000. Depending on Bitcoin’s price at expiry, the yield will be:

• 2% per year at $42,000;
• 14% per year at $47,000;
• 8% per year at $50,000.

Bybit is a crypto-derivatives exchange with support for more than 230 trading pairs. Users have access to spot and futures markets, staking and DeFi mining services, as well as an NFT marketplace and P2P trading.

In June, Bybit launched liquidity mining pools with yields of up to 30% per year.

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