2023-11-29 17:35 |
Today, digital assets institution Nexo announced the launch of its new Dual Investments product offering, which seeks to equip cryptocurrency users with more of the features enjoyed by investors of more traditional assets and platforms.
Among other elements, the new offering enables users to buy and sell cryptocurrency at a future date and price of their choice, which means potentially earning rewards regardless of market direction. It also allows opportunities for earnings over shorter periods via ‘buy low’ and ‘sell high’ strategies.
The company said in a press release to the media that:
This forward-thinking venture harmoniously integrates traditional finance with the dynamic realm of cryptocurrencies, fostering a synergetic relationship. In addition to Nexo’s Fixed Term offering, which provides high yields over a minimum of one month, the Dual Investment product is a new way for clients to earn substantial returns over shorter periods.
With the offering, the company aims to leverage off its existing infrastructure to attract cryptocurrency users looking to secure returns, by offering the chance to buy low or sell high without committing to lengthy investment horizons. It also offers guaranteed interest as the rate is secured the moment one subscribes.
Elitsa Taskova, Chief Product Officer at Nexo, added that:
Dual Investment revolutionizes how users engage with BTC and ETH, offering a flexible, intuitive, yet sophisticated platform for predicting asset price movements, all while securing high yields.
At the time of this article going to press, Bitcoin (BTC) was trading at USD38,128.78, while Ethereum was trading at USD2,076.92.
The Dual Investment product is available at nexo.com as of today.
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