Huobi Launches First Bitcoin ETP Product
The official website announced that Huobi Global will announce the ETP product launch on August 11, 2020 at 2:00 p.m. An exchange rate exchange (ETP) is a financial derivative that doubles the long or short digital currency to achieve multiple returns, the same asset triples the return space. The first group to be specified is BTC * 3 (triple long), BTC * -3 (triple short), BTC * -1 (double short). Huobi Global's ETP raw material price is the same as the coin exchange rate. Since the ETP product assets are contracted on a permanent basis, the ETP product will be billed in capital on the project and an administration fee at 11:55 pm will be billed daily, which is the cost (management fee). Cost = Net cost * FTE program report) * Cost control). For every 1% increase in BTC, BTC * 3 decreases by 3%, BTC * -3 decreases by 3%, and BTC * -1 decreases by 1%. Unlike trading or leveraged contracts, users do not need any exclusive or proprietary products, and there is no risk of breach of contract.
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