Fun

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

News Feed - 2020-05-21 12:05:02

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT


During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day.Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token


Bitcoin.com Exchange traders can now access a new Ethereum-based inverse token created by the company Amun. Our cryptocurrency trading platform has added BTCSHORT so traders can gain exposure to the inverse or -1x the daily performance of bitcoin (BTC). The new token will be accessible at 10:00 a.m. UTC and it will be paired with the stablecoin tether (USDT). A recent blog post published by Bitcoin.com explains how the BTCSHORT product from Amun works and how customers who use our exchange can leverage the token.




“BTCSHORT is strictly not a security, carries many risks, and is not suitable for risk-averse token holders and traders,” the blog post explains. “This type of token is best suited for sophisticated, highly risk-tolerant token holders who understand and are comfortable with taking on the risks inherent to inverse tokens like BTCSHORT and understand the risks associated in holding tokens generally and inverse products in particular.”How BTCSHORT Works


For instance, if the price of BTC is trending downward then BTCSHORT’s multi-day performance will prosper, and daily returns of the token will be compounded. In contrast, if there is low volatility and the price of BTC is headed northbound, then BTCSHORT’s performance will drop and there will be no compounded returns.


“Losses made on one day will be, because of previous losses, applied to a smaller amount,” the announcement details. “This means that compounding will lead to slightly reduced losses than if there were no compounding.” Additionally, the BTCSHORT listing announcement adds:BTCSHORT offers a notional exposure to -1x the daily performance of Bitcoin. It is crucial that all token holders understand how compounding and the daily rebalancing of the token affect performance, especially in volatile markets. The tokens are designed for holding periods of equal or less than one day and holders need to consider their holdings each day.




If you are interested in learning more about BTCSHORT and other digital asset token backed by industry experts then check out Amun’s website and frequently asked questions (FAQ) section. If you want to join one of the fastest cryptocurrency trading platforms on the market today, then check out Bitcoin.com’s Exchange today.


Our exchange is a simple-to-use trading engine that offers a variety of different cryptocurrencies. Popular digital assets hosted on the platform include coins like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), dash (DASH) and eos (EOS) are paired with markets denominated in base currencies such as bitcoin cash (BCH), ETH, BTC, and tether (USDT).


What do you think about the token BTCSHORT? Let us know in the comments below.Generations of Debt: US Taxpayers Held Liable for Federal Reserve"s $6.9 Trillion BalanceFINANCE | 5 hours agoBitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the HalvingMINING | 10 hours agoTags in this storyAmun, Bitcoin, Bitcoin.com Exchange, BTC, BTCSHORT, Cryptocurrency, Digital Assets, Exchange, Short, Traders, trading platform


Image Credits: Shutterstock, Pixabay, Wiki CommonsUse Bitcoin and Bitcoin Cash to play online casino games here.Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimer Show comments

News Feed

Northern Trust Testing Fractionlized Bonds on Blockchain
Custody bank Northern Trust is testing the trading of fractionalized bonds on a blockchain.  Working with Singapore-based debt markets company BondEvalue, the bank is providing ass
Biggest Movers: XMR and SOL Higher on Monday
Biggest Movers: XMR and SOL Higher on Monday Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the bigg
Skybridge Capital Founder Says Bitcoin ‘Will Easily Trade at $500K’ — Urges Investors to Buy Right Now
Skybridge Capital Founder Says Bitcoin "Will Easily Trade at $500K" — Urges Investors to Buy Right Now Skybridge Capital’s founder says bitcoin “will easily trade a
Marathon Digital misses Q1 estimates on bad weather, utility failures
Jesse Coghlan7 hours agoMarathon Digital misses Q1 estimates on bad weather, utility failuresThe Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weat
Dogecoin Rally Ahead? 85% Growth Expected by 2025 —Analyst
Este artículo también está disponible en español. Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximat
Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K?
Este artículo también está disponible en español. Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift
Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability
Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability The Bank of Spain has issued a new report that touches on the subject of the popularity
Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform Global music distribution service Ditto has unveiled the latest addition
Cowboy Maverick Johnny Cash Mines 2.6 BTC Jackpot in Gold Rush at Bitcoin.com’s Crypto Casino
Cowboy Maverick Johnny Cash Mines 2.6 BTC Jackpot in Gold Rush at Bitcoin.com’s Crypto Casino Gold Rush with Jonny Cash dishes out a massive win of 2.6 BTC! Massive Win on Casino
Do Kwon to be extradited to the US, CZ’s passports seized: Law Decoded
David Attlee4 hours agoDo Kwon to be extradited to the US, CZ’s passports seized: Law DecodedThe Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to th
The Latest Zcash Software Release Supports the Network’s ‘Largest Upgrade in History’
The Latest Zcash Software Release Supports the Network"s "Largest Upgrade in History" According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the