Digital asset exchange platform BTSE announced the launch of its Bitcoin (BTC) and Ethereum (ETH) trading products.
Once launched, investors will be able to generate passive income, according to BTSE, and the new products complement the growing range of options in BTSE Earn.
The announcement also added that the products will start at an annual percentage of 4.5% and potentially reach 60%. Users can also choose a deposit duration of 30, 60 or 90 days with a minimum deposit of 0.5 ETH or 0.03 BTC.
BTSE retail investors make more than $1.5 billion a day in BTC and ETH futures, and the company stores more than 99% of its customers’ funds in cold wallets to protect customers’ wealth.
BTSE said it doesn’t rely on third-party technology and uses self-hosted servers. The company uses financial decentralization to enhance Comfort, accessibility and return.
“BTSE Earn products offer our users an easy way to earn interest on their wealth. With no minimum investment requirements, no criminal lock-in options and attractive yields, this new offering provides much-needed flexibility for users looking to diversify their wealth portfolios. Given the high annualized interest rates, we expect strong interest in both of our products,” said Henry Liu, Chief Executive Officer of BTSE.
“With the current volatility in the cryptocurrency space, choosing the right crypto asset products is critical. We are committed to helping our users make informed decisions with strong upside potential,” added Henry.
BTC and ETH are the largest cryptocurrencies by market cap.
According to a recent report by Blockchain.News, BTSE is the first crypto exchange to offer perpetual futures trading for the world’s newest stablecoin, US Decentralized (USDD).
BTSE’s offerings in its futures feature, including USDD perpetual futures, may appeal more to more experienced traders.
However, for less advanced users, BTSE offers a collection of resources and learning materials – the BTSE Testnet, tutorials and a support center – to introduce the mechanics behind futures. The materials can help users understand the risks and benefits of BTSE’s future products and provide traders with an opportunity to backtest strategies or formulate plans to profit from market volatility.
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