Bit.com Introduces Passive Income Opportunities for crypto HOLDers
High performing cryptocurrency exchange platform, Bit.com, is rolling a lucrative opportunity for crypto users to earn without any hassles or risks. The full-suite crypto exchange has recently launched a new savings product to complete its business landscape while enabling crypto HODLers to generate passive income. The mobile-based application underlines a range of interesting features such as a competitive APY, zero risks, and the fixed savings product, Bit.com EARN, that will redefine user experience.
The product is supported by Matrixport, an industry leader and a premier cryptocurrency platform with over $10 billion in total assets under custody and management. The Matrixport-Bitcoin.com partnership is targeted at creating a gateway to a limitless digital economy where individuals can explore the best of crypto and harness favourable financial solutions.
With Bit.com EARN, users can receive high rewards for their deposited assets, and newbies will enjoy a 30 per cent annual return rate. EARN is available exclusively on bit.com’s mobile app and supports over 20 digital assets, including USDT, USDC, BTC, BCH, DOGE, DOT, ETH, LINK, LTC, SHIB, SUSHI, and UNI.
UM Account for Enhanced Trading
Launched in 2020 by Matrixport, Singapore-based one-stop digital assets financial services platform, Bit.com currently offers innovative solutions targeted at addressing scaling crypto issues, ranging from price discovery and trading strategy execution to liquidity provision and user security. The platform also provides its users with access to a vast array of popular tokens and financial instruments, allowing them to accrue profits via many different mediums for maximum monetization.
Bit.com boasts the second-largest trade volume within the BTC and ETH options market. The platform continues to provide investors with a suite of future-ready offerings such as perpetual, futures, and options products related to prominent digital assets, including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
Furthermore, Bit.com employs a Unified Margin (UM) feature, an advanced trading and risk management system utilizing a single account, that will provide users with a plethora of spot, features, margins, perpetual, and options trading opportunities.
This functionality enhances operational and margin efficiency by allowing users to trade different products in one account.
Through the use of its Unified Margin accounts, all collateral cryptocurrencies in an individual’s unified account are shared as USDT denominated margin to improve capital utilization as well as mitigate any potential liquidation related problems. USDT Margined Futures are cryptocurrency derivatives that allow users to take long/short positions and earn profit from the price of their underlying asset.
Improving overall user experience
Bit.com is dedicated to improving the overall user experience. The launch of the new savings product enhances Bit.com’s offerings as users can conveniently save time and earn high yields from their assets. Individuals need not transfer funds into their Matrixport account to earn savings interest when they are unlikely to trade. The project makes it as seamless as possible.
Backed by various tier-one market makers, Bit.com will prompt high liquidity. The platform offers solid leverage options with 50x leverage with futures and a sizable 10x when dealing with options. Bit.com is safeguarded by Cactus (NYSE:WHD) Custody’s innovative security framework. The ecosystem also provides users with financial insurance in respect to their funds. The highly functional and well-developed mobile application is compatible with iOS, Android, Web and API, giving users the liberty to enjoy an intuitive trading experience.
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