Cryptocurrency exchange Bybit has launched the Bybit Shark Fin, a new structured product aimed at investors with a low-risk appetite seeking to access the crypto market.
Bybit Shark Fin offers capital protection and uses up-and-out call options to generate the yield from the underlying strategy. The product offers a seven-, 14- or 21-day plan and the final yield is calculated based on the settlement price of the underlying asset when the plan expires, in comparison to the preset price range. At the end of the period, if the final price is within the preset range, users can receive a maximum yield of up to 20%. If the price settles below or above the range they