Huobi Sells Out of Dig-VC Fixed-Term Financial Product
Chinese bitcoin exchange Huobi has reportedly sold out of customer slots to a fixed-term financial product called Dig-VC, which acts as a certificate of deposit, according to a new report from bitcoin news website CoinDesk. The platform, which offers a 60-day term, guarantees subscribers will see returns of about 1.2 percent on a monthly basis, amounting to a rate of 16 percent per annum. The first 100 subscribers to the service were awarded an additional 0.2 percent per month, to be added at the end of their term. Returns of the product are reportedly backed by Digcoin, a mining service....
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Huobi has sold all available subscriptions to a new 60-day fixed-term financial product for bitcoin investors. The latest product from the Beijing-based exchange, which is effectively a bitcoin 'certificate of deposit', is called 'Dig-VC' and offers a guaranteed interest rate for investors. Notably, returns are backed by Digcoin - a new bitcoin mining services platform built by Huobi. Both will form part of Huobi's Hong Kong-based trading and investment platform BitVC, which launched in June. Dig-VC subscribers will see a guaranteed return of 1.2% per month (which equates to an annualised....
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