Singapore, Singapore, September 28, 2022, — EasyCoins – the trusted, one-step cryptocurrency platform renowned for offering a diverse and advanced array of investment products, is proud to announce the release of Snowball, a new wealth management investment product designed to help investors compound their wealth.
Since its founding in 2021, EasyCoins has striven to offer its users access to the most advanced array of investment products in the industry, including cryptocurrencies, margin, futures, and spots, among others, all in an effort to help its users build and generate wealth.
Now, with the release of Snowball, its latest wealth management product, EasyCoins is doubling down on helping investors compound their wealth.
As many traditional investors may already know, Snowball, a type of an Autocallable Option, is already a very popular product in the financial world. At its core, the product is actually a fixed income note that increases in value continuously during tenor, like a rolling snowball.
Unlike a Snowball product in traditional finance, EasyCoin’s Snowball product is distinguished by its annual rate of return, reaching up to 30 percent. As the world’s first cryptocurrency platform to offer such a product, Snowball is backed by complex trading and hedging strategies performed by an industry-leading trading team that works closely with one of the most prominent trading desks on the globe.
As per coinmarketcap.com, the global crypto market cap is nearly $1 Trillion. Even though the current market has bearish sentiment with the upside looking capped to a considerable extent, Bitcoin and Ethereum are still dominating the blockchain ecosystem. Hence, Snowball is utilizing these dominant currencies as the underlying assets with a carefully engineered downside protection mechanism.
In a boon to investors who worry about the cryptocurrency market’s volatility or are looking for safe, predictable returns, Snowball’s rate of return is guaranteed to almost 95% certainty, with Bitcoin and Ethereum both serving as the underlying blue-chip assets used by EasyCoin’s trading team.
“EasyCoin is proud to now offer Snowball to tens of millions of crypto users across the world,” says Harsh Shethia, the Director of EasyCoins. “We believe strongly that Snowball is a great product and one that can help us further our mission of helping our investors grow and compound their wealth.”
Shethia added, “We also believe that Snowball can be a perfect financial product for investors who either haven’t considered the cryptocurrency space yet or have shied away from it due to the notion of it being a volatile sector. Thanks to this product and the engineering behind it, Snowball offers great returns to investors of all stripes at low risk because of how it mitigates the volatility for which some cryptocurrency markets are known for. In short, investing in Snowball is like having a top trading team at a leading international bank or hedge fund manage your money, with no management fees, for the near future.”
EasyCoins is your trusted, one-step cryptocurrency platform offering the most diverse and advanced investment products. With its seasoned industry veterans and crypto native executives with over five decades of industry experience combined, EasyCoins offers one of the industry’s best crypto exchange experiences. The platform can handle millions of transactions per second and its world-class security system provides the most secure trading environment for its users.