Matrixport Enables Smarter Bitcoin Trades at Favourable Rates with ‘Buy Below Market’ and ‘Sell-Above Market’ Offerings

Matrixport, Asia’s fastest growing digital assets financial services platform, has announced the launch of its first-mover ‘Buy Below Market’ (BBM) and ‘Sell-Above Market’ (SAM) offerings

With BBM and SAM, users have the opportunity to buy or sell BTC at a discounted price or at a premium across a range of tenors. The rates will be optimised by Matrixport’s system automatically.

John Ge, Co-Founder & Chief Executive Officer, Matrixport, said: “With innate fluctuations of BTC price, opportunity cost is commonplace in crypto. Our latest products address this pain point by allowing our customers to enter a BTC position or liquidate at a better-than-market-price. Our offering is designed to remove the stress of timing the market, so crypto trading becomes easier for everyone.”

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For each target buy price option, there are three possible outcomes:

• If BTC price settles between the specified range: 50% of the user’s fund would be used to purchase BTC at the price of the lower bound. Users will receive BTC bought at the discounted rate and 50% of the fund returned as USDT/USDC;
• If BTC price settles at or below the lower bound of the specified range: 100% of the user’s fund would be used to purchase BTC at the price of the lower bound and users will receive BTC;
• If BTC price settles above the upper bound of the specified range: Orders are knocked out and users will get back 100% of their USDT/USDC fund

Conversely, there are three similar outcomes with SAM, with users having the opportunity to sell their BTC at a premium above the current market price. The higher the selected sell price and the longer the tenor, the greater the premium rate will be.

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Following the recent introduction of ‘BTC U-Range Sniper’ and ‘ETH2.0 Staking Earn’, the launch of BBM and SAM is a reflection of Matrixport’s commitment to continually launch innovative products to make investing easier for both crypto prosumers and novices.

Starting from today, 6 December 2021, users can access and utilise the product at any time. To find out more about how Matrixport’s BBM and SAM work, please refer to this product factsheet.

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[To share your insights with us, please write to sghosh@martechseries.com]