{"id":11836,"date":"2021-09-07T13:54:02","date_gmt":"2021-09-07T13:54:02","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/matrixport-launches-btc-u-range-sniper-returns-up-to-200-for-accurate-predictions\/"},"modified":"2021-09-07T13:54:02","modified_gmt":"2021-09-07T13:54:02","slug":"matrixport-launches-btc-u-range-sniper-returns-up-to-200-for-accurate-predictions","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/matrixport-launches-btc-u-range-sniper-returns-up-to-200-for-accurate-predictions\/","title":{"rendered":"Matrixport Launches \u2018BTC-U Range Sniper\u2019 \u2014 Returns Up to 200% for Accurate Predictions"},"content":{"rendered":"

The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company\u2019s \u201cETH2.0 Staking Earn\u201d earning service, Matrixport has introduced another service product called \u201cBTC-U Range Sniper\u201d which allows traders to earn high returns when bitcoin values move within a specified price range.<\/strong><\/p>\n

Matrixport Launches Ether Staking and Range Sniper Bitcoin Product<\/h2>\n

The Singapore-based Matrixport<\/a> has been unveiling a number of new products after the company revealed<\/a> it raised $100 million last month. On August 25, the startup launched its \u201cETH2.0 Staking Earn\u201d earning service, which provides ethereum (ETH) staking<\/a> at a \u201clow threshold.\u201d <\/span><\/p>\n

The product allows customers to \u201cearn yield from ethereum lock-up rewards, while simultaneously benefitting from additional token rewards, mining revenues, and better liquidity from related [decentralized finance (defi)] projects.\u201d On September 6, Matrixport revealed another new service called the \u201cBTC-U Range Sniper.\u201d<\/span><\/p>\n

BTC-U Range Sniper participants can earn annualized returns \u201cbetween 6% to 200% in either USDT<\/a>\/USDC or BTC<\/a>\u201d depending on the price of bitcoin (BTC<\/a>) at the time of settlement. <\/span><\/p>\n

There are three ways Range Sniper traders can settle. <\/span>Either by earning a 6% APY minimum if the settlement price is above the given range, or if it is below the given range, \u201cthe principal will be converted to BTC<\/a> with a minimum guarantee of 6% APY.\u201d Lastly, if the chosen settlement price is on point and falls within the range, an investor can earn up to 200% in USDC.<\/span><\/p>\n

<\/p>\n

Matrixport Executive: Range Sniper Allows People to \u2018Ride Bitcoin\u2019s Innate Volatility\u2019<\/h2>\n

John Ge, co-founder and chief executive officer at Matrixport, explained that the Range Sniper product can be beneficial, like stablecoins. \u201cStablecoins are an important fiat on-ramp pathway and have been a great entry point for the crypto-curious,\u201d Ge remarked.<\/p>\n

\u201cHowever,\u201d the Matrixport executive added, \u201cmany stablecoin holders now desire to accumulate BTC<\/a> whilst earning higher yields. \u2018BTC-U Range Sniper\u2019 is a user-friendly crypto investment product where we empower users to continue to earn attractive stablecoin yields or ride BTC<\/a>\u2019s innate volatility to accumulate more BTC<\/a>.\u201d<\/p>\n

Matrixport calls itself a \u201cone-stop crypto financial services\u201d company and the startup details its services clear \u201c$5 billion in monthly trading volumes.\u201d The company competes with a number of exchanges that offer crypto options and perpetual swap products like Deribit, Okex, Ledgerx, and CME Group.<\/p>\n

The exchange Deribit commands the top position, as far as bitcoin (BTC<\/a>) options open interest and volume is concerned, according to Skew Analytics<\/a>. However, Matrixport owns the derivatives exchange Bit.com, which is often the second or third largest options provider on a monthly basis with Okex.<\/p>\n

What do you think about the BTC-U Range Sniper concept? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, Bit.com, bitcoin options, Bitcoin Products, BTC Options, BTC-U Range Sniper, CME Group, deribit, ETH 2.0, ETH staking, John Ge, LedgerX, Matrixport, Matrixport Series C, Okex, options, Skew analytics, volatility<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company\u2019s \u201cETH2.0 Staking Earn\u201d earning service, Matrixport has introduced another service product called \u201cBTC-U Range Sniper\u201d which allows traders…<\/p>\n","protected":false},"author":0,"featured_media":11837,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11836"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11836"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11837"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}