Hotbit will Launch Leveraged Index Products on December 8th, 2021

Dear respected users,

In order to meet the diversified trading demands of users on the platform, Hotbit is scheduled to launch the “Hotbit Leveraged Index Product” at 07:00 AM UTC on December 8th, 2021.Our first leveraged index product will be Defi Index, which is constructed by elements chosen from the Defi sector.

After reviewing underlying assets’ market cap, trading volume, liquidity, fluctuation,stability, risks and market assessment, Hotbit chooses the following 10 cryptocurrencies to configure the first batch of Leveraged Defi index:GRT LINK UNI AAVE SUSHI CRV COMP YFI SNX 1INCH

The trading fee rate for leveraged index product is 0.1%. Besides, Hotbit will charge management fee for each unit of leverage every day(usually between 0.2%~0.5%; the management fee rate is dynamic based on the performance of crypto market; exact management fee for each index product should be referred to the real-time page) to pay the funding rate, trading fee and other necessary charges generated by the fund portfolios. The management fee will be manifested on the dynamics of net value.

Welcome to experience it!

What is leveraged index product and naming rules:

Hotbit Leveraged Index Product selects spot assets of good liquidity as underlying assets and determines their weightings in the initial benchmark market capitalization. Leveraged Index product, like spot trading, can be seen as s special cryptocurrency which takes USDT as the price unit. Take the example of Defi 3-times long product, of which the name is Defi 1Day 3x Long,with its abbreviation being DEFI1D3L. Also, for Defi 3-times short product, the name of the product is Defi 1Day 3x Short, with its abbreviation being DEFI1D3S.

Features of leveraged index products:

Unlike other index products in the market, Hotbit’s Leveraged Index product uses financial derivatives and debt to amplify the returns of an underlying asset, which is an index. It aims for a 2:1 or 3:1 ratio. For example, if the underlying asset rises 1%, the corresponding 2x or 3x leveraged index rises 2% and 3% respectively, while the -1x and -2x products falls 1% and 2% respectively.

For more details about HOTBIT index product analysis: click here

About us :

Hotbit’s Official Website: https://www.hotbit.io/

Telegram : https://t.me/Hotbit_English

Twitter: https://twitter.com/Hotbit_news

Facebook: https://www.facebook.com/hotbitexchange/

Medium: https://medium.com/@hotbit

Instagram:https://www.instagram.com/hotbit_official/

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Hotbit.io is one of the professional digital asset exchange platforms that provide trading services among major digital currencies like Bitcoin and Ethereum.

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HOTBIT

Hotbit.io is one of the professional digital asset exchange platforms that provide trading services among major digital currencies like Bitcoin and Ethereum.