In this week's roundup, we look at the latest product launches at OKX and Bitget, new funding for Northstake and Islamic Coin, and Fidelity's renewed push for ETFs.
On 4 July, cryptocurrency exchange OKX introduced the snowball, which ‘gives users the opportunity to realize returns while mitigating risk via a knock-in feature which provides a safety buffer if the market moves in the opposite direction’. OKX Snowball is a non-principal protected structured product for ‘professional and semi-professional investors who want to potentially maximize their earnings on a position while guarding against market movements’. Denominated in USD