Singapore crypto unicorn Matrixport has launched the BTC-U Range Sniper, an options based product aimed at stablecoin holders seeking to accumulate bitcoin (BTC) while earning high yields when the price of the cryptocurrency moves within a specified range.

"Stablecoins are an important fiat on-ramp pathway and has been a great entry point for the crypto curious. However, many stablecoin holders now desire to accumulate BTC whilst earning higher yields,” said John Ge, co-founder & chief executive officer, Matrixport, adding that the product enables investors “to earn attractive stablecoin yields or ride BTC's innate volatility to accumulate more BTC”. BTC-U Range Sniper offers an annualised yield (APY) of between six to 200%

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