Huobi's Fixed-Return Financial Product Sells Out in One Hour
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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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 Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019 Huobi Group, the company behind major global crypto exchange Huobi, is apparently planning to return to the United States with a new license secured from local regulators.After ceasing operations in the U.S. in late 2019, Huobi seems to be interested in opening a trust company business in the country. Trusts are companies tasked with managing assets for a group of owners or investors. Grayscale's trusts use this structure to offer cryptocurrency exposure within traditional markets.According....
New and experienced crypto investors are always looking to maximize their profits. This is why the leading crypto exchange Phemex has several products which allow users to put their cryptocurrencies and digital assets to work. Phemex’s Flexible and Fixed Saving Asset Management products enable investors to earn interest on their crypto. Unlike the competition, Phemex has taken into account that crypto investors need to stay nimble. Thus, the flexible saving product allows them to deposit and withdraw their cryptocurrencies and digital assets at one-day intervals without penalties or at....
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