Fintech service starts BTCSHORT. Traders can profit from a falling BTC price
The new Token traders can profit from price movements even of a fall in prices. So traders achieve effective protection, if the Bitcoin price falls.
From its location in Switzerland from the start-Amun puts his Token BTCS. The offer rewards the holder, if the BTC price falls. The underlying time window provides for each 24 hours.
The on Wednesday published a statement by the Fintech company stating that it is a “day-Token”, on a reversal of the Bitcoin course history is based.
If you are interested in daily returns due to falling Bitcoin prices, investors can make every day purchases. In the jargon of the business, attest to its new Token-model a “Short-Term character”, which is aimed at all investors with short-term price gains. Due to the volatility of the Bitcoins this can be a quite profitable business.
In an Interview with the crypto-Portal Coindesk Amun speaks BTCSHORT-CEO Hany Rashwan of a enormous demand in the market after the Token, such as Amun.
“Users are increasingly interested in products that provide a simple and secure shopping in view,” says Rashwan.
According to company information in the Token BTCS with bitcoin.com, HitBTC and Liquid is offered on three of the major platforms in the industry.
Retailers like private individuals and institutional investors and the company alike. The product launch comes just in time, because next week the next Bitcoin Halving is known to be in the house. Worried traders, who fear following a downward trend, can hedge by investing in BTCs against losses and the fluctuation width.
The Amun-platform non-imprinted tokens only, you can also control the circulation and the volume of the market through targeted Burn. Token-Burns of the providers in USD-Coins in exchange, a Stablecoin on the Basis of the US dollar. Not for trading, investors and interested parties from internationally sanctioned countries are allowed in addition to Swiss traders as well as US.
Operated by the service provider 21Shares Amun addressed with his SBTC-Token (with the stated exception) – European investors. Is the Token according to the company, also as a starting point for “inverse Token” for Ethereum (ETH).
In January, the company had started a similar Format. At the time, Amun a stock exchanges had announced-traded product (ETP), that also declines in the Bitcoin price moves in the center. The launch took place at the Stuttgart stock exchange.
In the face of the approaching Bitcoin Halvings the price of Bitcoin fell to almost 9,000 USD, prior to that, he had reached a resistance upwards at a price of 9,500 USD, but not broken.
At the time of writing, the highest increase of the crypto market capitalization amounted to 4.63 %. “Bulls” will try to push the price upwards.
