Excessive Efficiency Safe Crypto Change Bit.com Lists Slices (CHESS)

Singapore – November 2, 2021 – Bit.com, a safe high-performance cryptocurrency derivatives alternate, introduced the itemizing of Tranchess (CHESS) and the opening of CHESS / Tether (USDT) spot buying and selling.

The itemizing is in keeping with bit.com’s purpose of offering a one-stop-shop buying and selling expertise for its international customers. As a protocol for tokenized asset administration and derivatives buying and selling, Tranchess gives an built-in decentralized finance (DeFi) providing for single-return farming, borrowing, lending and buying and selling. With the itemizing, bit.com goals to offer a superior buying and selling expertise and top-notch liquidity, appropriate for all threat tastes with cutting-edge expertise, safety and threat administration.

“Lengthy-term crypto asset holders are searching for new alternatives to guess and generate returns, whereas these seeking to enter the market are searching for elevated liquidity and suppleness. Lister Tranchess permits us to supply an progressive all-in-one resolution to a variety of customers. We’re excited to supply CHESS / USDT spot buying and selling pairs to our customers, and we are going to proceed our journey to assist extra buying and selling pairs within the close to future, ”mentioned John Ge, CEO of bit.com.

Primarily, Tranchess seeks to offer a threat / reward matrix from a single principal fund or tranche that follows a particular underlying crypto asset. QUEEN, the principle tranche token, represents a share of the fund which is a BTCB monitoring index fund. QUEEN tracks the worth of Bitcoin (BTC) on a correlated foundation. The Tranchess Grasp Fund provides elevated flexibility with no blocking interval and fewer than 24 hours to course of requests.

Relatively than passively holding BTC, buyers can commerce their BTC for QUEEN, thus exposing themselves to BTC whereas cultivating Tranchess’ CHESS tokens for added return. CHESS is the important thing to receiving a further low cost on charges collected in Tranchess.

The primary tranches may be divided into two sub-tranches with their very own distinct risk-return profile. The primary being BISHOP, a USD Coin (USDC) yield tranche, whereas the second is ROOK, a leveraged tranche that has twice the publicity to cost actions within the underlying crypto.

Bit.com customers can now begin making deposits to arrange for CHESS / USDT buying and selling and earn as much as $ 10,000 CHESS in its giveaway marketing campaign, which ran from October 29 to November 12, 2021.

About Bit.com

Bit.com is a safe high-performance cryptocurrency derivatives alternate providing perpetual swaps, futures, choices, and spot exchanges. Powered by Matrixport, Asia’s quickest rising digital asset monetary companies platform, bit.com is the second largest cryptocurrency choices market by way of buying and selling quantity and open curiosity. . The alternate gives institutional grade safety and threat administration options that guarantee a superior buying and selling expertise by leveraging best-in-class liquidity.

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