Bitget Ramps Up Shark Fin Product ARP
Bitget, leading crypto derivatives and copy trading platform has announced the update of its Shark Fin products, which have received a major yield boost. The new APR has been raised to 5%, making it the most profitable product of its kind on the market.
The Shark Fin product lineup has received its moniker thanks to the yield curve it follows, which resembles a shark fin. The instrument is perfectly suited for risk-averse investors seeking guaranteed payouts. The users’ principal and basic interest are protected and guaranteed, ensuring payment at the time of settlement. The updated 5% APR is accessible for a seven-day lockup period, exceeding the standard basic APR 1 to 2% that had been applicable before the update.
The capital-guaranteed Shark Fin product provides even higher yields for assets that experience stable price ranges within the subscription period.
The launch of the updated version of Shark Fin is part of the exchange’s ‘Go beyond derivative’, which focuses on the introduction of innovative products from the worlds of CeFi and DeFi. The strategy is aimed at attracting more users seeking diversified investment options.
(With inputs from Shikha Singh)
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