Dear valued users,
In order to enrich the investment experience of users, BIB exchange will list the trading pairs of the new ETF target at 17:00 on May 27th (UTC+8).
The details are as follows:
Underlying Token | 3x Buy(long) | 3x Sell(short) |
APT | APT3L | APT3S |
ICP | ICP3L | ICP3S |
EOS | EOS3L | EOS3S |
*What is ETF?
*ETF (Exchange Traded Fund, trading open-end index fund) is an open-end fund that is listed and traded on an exchange with variable fund shares. It is a kind of financial derivatives with very mature development. It is a trading product that tracks a certain multiple (for example, 3 times) of the current asset's daily rate of return on the premise of anchoring the underlying currency (such as BTC). For example, if the anchor currency is BTC, when the price of BTC rises by 1%, the net value of the corresponding 3x leveraged ETF product will rise by 3%; while the net value of the corresponding -3x leveraged product will fall by 3%.
BIB warmly reminds that digital assets are innovative investment products with large price fluctuations and high investment risks. Before investing, we hope that you have a full understanding of digital assets, rationally judge your investment ability, and prudently make investment decisions.
If you have any questions or suggestions during the transaction, please contact our 24/7 online customer service, and our team will answer you in time.
Thank you for your consistent support and help to BIB Exchange!
BIB Operations Team
May 27, 2023
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