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Vietnamese Investors getting 130% Annualized Yields

Covid-19 has become a terrible obsession for people and governments around the world in 2020. Given the uncertainties surrounding the future economic impacts of this pandemic, many companies in the mainstream market, as well as in the crypto space, have had to change their forms of business or, even worse, shut down.

mooncake Capital

Mooncake Capital, a Singapore-based crypto asset management and venture capital firm, is also inevitable. When investing in cryptocurrency funds during a period of uncertainty was no longer profitable, the company decided to shift most of its operations to Bitcoin derivatives trading. Recently, the company created a Structured Product based on Bitcoin derivatives tools.

This new product allows investors to generate annualized yields keeping Bitcoin from 5% to more than 130% depending on the risk appetite. Their leading customer base comes from Vietnam, which is said to be the fastest-growing cryptocurrency community in the world, and there is a great desire for structured products.

While structured products are nothing new in the financial world, the output of Structured products using Bitcoin makes a difference. Patrick Lee, the partner at Moondding Capital, explained:

“If customers are active, they can earn an annualized yields of up to + 130%. Meanwhile, a more risky approach, we see most of our customers in Asia opt for more Structured products to take advantage of the unprecedented volatility caused by the corona pandemic.”

Mooncake Capital previously raised $ 10 million in September to be used for cryptocurrency investments, but “the world is unpredictable,” the Covid-19 pandemic had devastated everything, causing them to switch to trading.

“With the level of uncertainty not seen in decades, volatility has skyrocketed, which is the cornerstone of the Structured Product. This high yield is actually only seen in the cryptocurrency space during times of turmoil.”

Bitcoin derivatives tools generate profits on a number of factors but mostly revolve around volatility. If Bitcoin price goes up and down during big fluctuations, the output potential of derivative instruments that produce structured Products also increases.

Patrick explained that, simply, customers choose where they believe Bitcoin will go, whether it is up, down, or within, and within what time frame. From there, the system offers several different options that produce a certain output, some lower while others higher. Products can be several days, weeks, or months depending on the time frame selected.

Mooncake Capital’s customers spread throughout the world but have recently witnessed a sharp increase from active cryptocurrency communities such as Turkey, Vietnam, and South Korea.

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