Bitget Introduces High Yield Shark Fin Investment Product
- Bitget has upgraded their principal-guaranteed investment product – Shark Fin – to offer a 5% APR.
- The instrument is suitable for conservative investors and can yield up to 24% APR with certain conditions.
- Gracy Chen, the Managing Director of Bitget, commented on the launch of the upgraded product.
What Is Shark Fin?
Shark Fin is a principal-guaranteed investment product that allows users to receive the principal and interest at a predetermined date after the end of the subscription period. The instrument offers a basic 1-2% APR or up to 24% APR if certain conditions are met. A seven-day lockup period must be applied in order to take advantage of the 5% APR and avoid considerable asset price fluctuations.
Motivation Behind Upgrade
The upgrade was motivated by an increasing demand for high-yield investment options in the crypto market, as well as by Bitget’s efforts to improve profitability for its investors. With this upgrade, users now have access to higher basic APRs, allowing them to maximize their returns on investment.
Comments From Managing Director
Gracy Chen, the Managing Director of Bitget had this comment regarding the launch: „We are excited to announce the latest upgrade to our Shark Fin product, which is aimed at meeting the increasing demand from traders for high-yield investment options in the crypto market, and improving the overall profitability of investing.“