BTSE, a digital asset exchange platform, has announced the availability of Bitcoin (BTC) and Ethereum (ETH) earn products.
According to BTSE, after the debut, investors can receive passive income, and the new products contribute to the growing range of alternatives in BTSE Earn.
According to the release, the products would begin with an annual percentage rate of 4.5 percent and might reach 6 percent. Users can also choose between depositing for 30, 60, or 90 days, with a minimum deposit of 0.5 ETH or 0.03 BTC.
BTSE retail investors trade more than US$1.5 billion in BTC and ETH futures volume per day, while the company holds more than 99 percent of its customers' cash in cold wallets to protect client assets.
According to BTSE, it does not rely on third-party technology and instead uses self-hosted servers. The organization takes advantage of financial decentralisation to improve convenience, accessibility, and returns.
“BTSE Earn products make it simple for our users to earn income on their assets.” This new service, which has no minimum investment criteria, no penalty lock-in options, and high returns, will provide customers with much-needed freedom when diversifying their asset portfolios. Given the high annualised interest rates, we anticipate substantial interest in both of our products, stated BTSE CEO Henry Liu.
“In light of the current volatility in the cryptocurrency industry, selecting appropriate crypto asset products is critical.” “We're devoted to assisting our users in making informed selections with high upside potential,” Henry stated.
By market capitalisation, BTC and ETH are the two most valuable cryptocurrencies.
According to a recent Blockchain.News post, BTSE has become the first crypto exchange to provide perpetual futures trading for US Decentralized, the world's newest stablecoin (USDD).
The BTSE's Futures offerings, including perpetual futures for USDD, may appeal to more experienced traders.
However, for less experienced users, BTSE offers a combination of resources and learning materials — the BTSE Testnet, tutorials, and a support center — to introduce the mechanics of futures contracts. The materials can assist users in understanding the risks and rewards associated with BTSE's future products, as well as give traders with a means to backtest techniques or build plans to profit from market volatility.
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