Categories: Market

Matrixport launches innovative ‘BBM’ and ‘SAM’ products to buy BTC

Press release

Singapore, December 6, 2021 – Matrixport, Asia’s fastest growing financial services platform for digital assets, announced the launch of its Buy Under Market (BBM) and Marketplace services.

BBM and SAM allow users to buy or sell Bitcoin (BTC) at a discount or premium over multiple terms. The scale is automatically optimized by the Matrixport system.

John Ge, Co-Founder and CEO of Matrixport, said, “Given the innate fluctuations in BTC price, opportunity costs are common in crypto. Our latest products solve this difficult point by allowing our clients to take BTC positions or liquidate them at better than market prices. Our offering is designed to take the stress out of market timing so that trading cryptocurrencies is easier for everyone. ”

Users can give their opinion on BTC by choosing from a number of discounted target bid prices on BBM. The lower the selected purchase price and the longer the term, the higher the discount.

For each target bid option, there are three possible outcomes:

When the BTC price stabilizes within the stated range: 50% of the user’s money will be used to buy BTC at the lower limit price. Users receive purchased BTC at a discounted price and get 50% of the amount back as USDT / USDC.
When the BTC price stabilizes at or below the lower limit of the specified range: 100% of the user’s money will be used to buy BTC at the lower limit price and the user will receive BTC.
If the BTC price exceeds the upper limit of the specified range: the order will be discarded and the user will receive 100% of their USDT / USDC balance back.

In contrast, SAM has three similar results, giving users the option to sell their BTC at a premium above the current market price. The higher the selected sales price and the longer the term, the higher the premium rate.

Following the recent launch of BTC U-Vary Sniper and ETH 2. Staking Get Paid, the launch of BBM and SAM is a reflection of Matrixport’s commitment to continually introducing innovative products to make investing easier for both consumers and crypto newbies alike.

Starting today, users can access and use the product at any time. To learn more about how Matrixports BBM and SAM work, please read this fact sheet.

Back to comity

Matrixport is one of the fastest growing digital asset financial services platforms in Asia. With $ 10 billion in assets under management and custody, it offers crypto financial services from a single source with an average monthly transaction volume of over $ 5 billion. The offering includes CactusCustody (™), Spot OTC, Fixed Income, structured products, lending and asset management.

Headquartered in Singapore, Matrixport’s mission is to make cryptocurrencies easy for everyone. His motto is “Get more out of your crypto”. Licensed in Hong Kong and Switzerland, the company employs more than 250 people serving both institutional and private clients in Asia and Europe. More information is available at www.matrixport.com.

Instagram: @matrixport_

Twitter: @realMatrixport

LinkedIn: @Matrixport

Media contact (Wachsman)

Bee Shin, senior advisor

[email protected]

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.