Cryptocurrency exchange Bybit has added the Shark Fin structured product to its Bybit Earn asset management platform. This was reported to Forklog by representatives of the trading platform.

Shark Fin is an option-based product with a guaranteed minimum return. The amount of additional profit depends on the price of the underlying asset at the expiration date.

Bybit Earn has bull and bearish Shark Fins with expiration dates of 7, 14 and 21 days.

“This tool is ideal for users who need low-risk investments with a regular payout range,” says Ben Zhou, Bybit co-founder and CEO.

Users can deposit Tether (USDT) or USD Coin (USDC) stablecoins. The minimum investment amount is 100 USDT or 100 USDC. There is no upper limit, but the number of subscriptions available is limited.

Sample: user buys Shark Fin BTC, which rises in the $44,000-48,000 range. Based on the bitcoin value on the expiry date, the yield will be:

• 2% per annum from $42,000;
• 14% per annum at $47,000;
• 8%, $50,000 annually.

Bybit is a crypto derivatives exchange with over 230 trading pairs. Users have access to spot and futures markets, betting and DeFi mining services, as well as an NFT marketplace and P2P trading.

Recall that in June Bybit launched pools for liquidity mining with an annual return of up to 30%.

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