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Bull and bear uncertain? The four major exchanges have launched a financial subsidy war. Who can help you make money?
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Bull and bear uncertain? The four major exchanges have launched a financial subsidy war. Who can help you make money?

The crypto industry was shocked by nearly $1.5 billion last week. In order to cope with the crisis of trust, many mainstream exchanges have successively increased the annualized interest rates of mainstream currencies, especially ETH financial and currency-making products, to boost users' confidence in centralized exchanges.

At the same time, the cryptocurrency market is accelerating its downward trend. According to CoinGlass data, on February 25, the total contract liquidation volume of the entire network was close to US$1.15 billion. The violently volatile market has greatly increased the trading risks of investors. Instead of entering the market rashly, it is better to find more stable risk aversion strategies. These newly launched high-yield financial and currency-making products have become good choices. Especially for mainstream currency holders and U-watch users, it is obviously a wise approach to hedge the currency price loss while retaining bullets and waiting for the next bull market.

Recently, Binance, Huobi HTX, Bitget and Gate have launched new financial management and currency-making products, with the four exchanges in currencies, annualized, and quotas. Each aspect has its own emphasis. Who has the greatest interest rate hike and the most sincere?

Comparison of new products earning coins

In general, Huobi HTX launched 10% of the years BTC, ETH and USDT 7-day regular products can bring the highest estimated returns. Huobi HTX provides each user with a subscription amount of USDT of each product of three products, which is highly practical while increasing the annualized interest rate. If a user applies for one of the 7-day regular products at full capacity, he will receive a profit of 57.5 USDT after the expiration.

In addition, Huobi HTX is the only exchange among the four that launches high-interest BTC currency-making products, and is better in product richness.

Bitget's ETH 14-day regular product interest rate is 10% like Huobi HTX, but the quota is only 5 ETH, which is inferior to Huobi HTX's 11 ETH; The annualized interest rate of its 7-day regular ETH products is as high as 50%. However, this product is only available for new users to subscribe, and the amount is only 0.4 ETH, so the estimated income is only 10.5 USDT.

Gate also focused on ETH products, with the annualized interest rates of 3-day and 7-day periods increased to 5% and 6% respectively. Although there is no limit, but there is a gap in annualized interest rates compared with Huobi HTX and Bitget.

Binance has launched a limited-time activity for current products of USDT, ETH and SOL, but compared with other exchanges, its ETH current products have slightly insufficient interest rates, with the highest Only 2.1%; USDT current products have raised interest rates significantly, and compared with before the event, the second amount ladder has increased, with a yield of 4.15%. But compared with other exchanges, Binance USDT current products have no advantage in interest rates.

Comparison of stablecoin current products

In addition to the above-mentioned new coins-making products, the profitability of USDT current products is also an important indicator to measure the attractiveness of financial management business of major exchanges. Binance's USDT current products have been mentioned above, and will not be repeated here; Bitget and Huobi HTX's USDT current products are relatively close, the former is better at interest rates, and the annualized amount ladder (500 USDT) is 12.9% , the amount ladder is 4.9% outside; the latter is stronger than the amount ladder (1,000 USDT), with the part within an annualized to 10%, and the part outside an annualized to 4%. Gate's current USDT current products are annualized by nearly 4%, and some of them within USDT can receive an additional annualized reward of 10%.

In terms of other stablecoin current products, Binance's FDUSD and Bitget's USDC also have certain competitiveness; while Huobi HTX is currently stable for decentralization. Coin USDD provides annualized income subsidies of up to 20%, making it a noteworthy stablecoin financial management product.

Note: This article does not constitute investment advice

Keywords: Bitcoin
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