Flash News: OKX Debuts Snowball, a New Structured Product Offering High Liquidity and Risk Mitigation
NASSAU, Bahamas, July 04, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of July 4, 2023.
OKX Debuts Snowball, a New Structured Product Offering High Liquidity and Risk Mitigation
OKX is proud to announce the launch of Snowball, its latest structured product that gives users the opportunity to realize returns while mitigating risk via a ‘knock-out’ mechanism that automatically closes a user’s position if the price of the underlying crypto asset moves too far in the wrong direction.
OKX Snowball is a non-principal protected structured product that may be attractive for professional and semi-professional investors who want to potentially maximize their earnings on a position while guarding against market movements. With Snowball, users will get the opportunity to receive returns if they express their market view correctly.
OKX’s structured products are innovative financial instruments that offer the potential for users to earn interest from the derivatives market. Users can choose products based on current market trends and their risk appetite. OKX also recently introduced two new additions to its Dual Investment product: SOL and APT.
Note: Returns are not guaranteed and may change without notice.
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OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.
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