Singapore, Singapore – (Newsfile Corp. – October 18, 2021) – A Singapore digital transaction platform called BtLux launched its latest “BSCC + SEA Double Coin Depository”, which was on the 11the phase. Its “Pay as soon as the trap” feature quickly caught the market’s attention in a volatile market.
For a long time, the shortcomings of the single source of income and the huge fluctuation of the yield curve in the cryptocurrency market have been criticized by the mainstream financial market. However, the introduction of structured products represented by dual currency deposit has effectively improved these weaknesses, allowing investors from different fields to share the dividends of the development of the digital asset market.
Insiders have pointed out that dual currency deposit is essentially an advanced financial product. Perhaps ordinary investors are not very familiar with options. However, in traditional financial markets, options have been widely used in different investment strategies to reduce risk for a long time. Since the start of 2020, COVID-19 has superimposed itself on long-held expectations of an economic recession, causing drastic swings in the global market. In this context, the need for financial markets to reduce risk by using options to construct various financial strategies and combinations has become paramount. This demand is leading directly to a sharp increase in the actual volume of options trading in 2020, as more ordinary investors begin to focus on this slightly existing financial tool.
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The emergence and prosperity of the options market is an important sign of the maturity of traditional finance. As an emerging financial field, the cryptocurrency market is also focused on traditional financial markets that are constantly changing and developing. With the influx of more and more institutions and mainstream investors into the digital asset industry, the speed of innovation and development of the industry has increased exponentially. Options and financial products in the traditional financial market are gradually occupying a place. Dual currency deposit is a typical representative of the evolution of the traditional financial market combined with the current state of the cryptocurrency market.
BtLux dual currency deposit is similar to traditional finance. The idea of converting a foreign currency to a crypto currency is similar to the combined conversion method of the fiduciary standard and the monetary standard, which means an investment with two advantages. In short, if the price of “BSCC + SEA” increases, users will get more of these currencies when the deposit is due; if the price drops, they will get more “BSCC + SEA” after compensation. This concept of product design not only allows investors to keep up with the trend of the digital economy era, but also to avoid the risks induced by currency price fluctuations.
In the traditional financial arena, especially in some banks in Asia, dual currency deposit products have long been quite mature, and their main feature is “the absence of fear of rising or falling, crossing bulls and bears”. Japan’s dual currency deposits have been popular for 30 years, since their emergence in the 1990s. China Merchants Bank and China Everbright Bank also launched similar products in 2005. And nowadays in the crypto market. currencies, after bitcoin hit 64,986 US dollars in April 2021, and then collapses completely, the dual currency deposit with the characteristics of “no fear of going up and down, crossing bulls and bears” is have become a popular choice in the cryptocurrency arena.
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The dual currency deposit “BSCC + SEA” comes from BtLux, a digital asset trading platform established by the Singapore Viewfuture Foundation. The team members are from the United States, Singapore, Canada and other countries, and the asset management team is made up of brokers, banks, insurance companies, with more than 10 years of experience. BtLux made it clear that “the same proportion of SEA and BSCC will be deposited in the subscription time, and the interest calculation period is 120 days.
For most investors, any market is uncertain and it vibrates 80% of the time. It is difficult for investors to profit from the investment market. Since 2020, people have witnessed the vigorous development of traditional financial tools such as options, deposits and strategic trading booming in the digital asset sector; they have also witnessed the exponential growth of DeFi, NFT and Metaverse and the continued increase in demand for structured products. These financial innovations are the result of the accelerated development of the multi-tiered capital market in the digital asset arena and are a manifestation of the increasingly sophisticated crypto industry. Going forward, the digital asset market will be more diverse, allowing more differentiated capital to share the dividends of developing the digital asset market.
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