Stable risk-averse strategies in a downtrend: Which of the four major exchanges offers the best high-yield earning products?
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Stable risk-averse strategies in a downtrend: Which of the four major exchanges offers the best high-yield earning products?
Overall, Huobi HTX's 7-day fixed-term product offering 10% annualized returns in BTC, ETH, and USDT provides the highest estimated收益.
Navigating Web3 tides with focused insightsNearly $1.5 billion was stolen from Bybit last week, shocking the entire crypto industry. To address the trust crisis, multiple mainstream exchanges have successively increased annualized interest rates for mainstream cryptocurrency financial products, especially ETH, aiming to boost user confidence in centralized exchanges.
At the same time, the cryptocurrency market is accelerating its downward trend. According to CoinGlass data, on February 25, total liquidations across all futures contracts approached $1.15 billion. The highly volatile market has significantly increased trading risks for investors. Rather than entering the market recklessly, it may be wiser to seek more stable risk-averse strategies. These newly launched high-yield financial products have thus become an attractive option. For holders of mainstream cryptocurrencies and users holding USDT while waiting, earning stable interest income to hedge against price declines while preserving capital for the next bull run is clearly a prudent approach.
Recently, Binance, HTX (formerly Huobi), Bitget, and Gate launched new financial products. Each exchange emphasizes different aspects such as supported assets, annualized returns, and subscription limits. Which one offers the most substantial rate hike and greatest sincerity?
Comparison of New Financial Products
Overall, HTX's 7-day fixed-term products offering 10% annualized yield on BTC, ETH, and USDT deliver the highest estimated returns. HTX provides each user with a subscription quota equivalent to 30,000 USDT for each of the three products, combining high annualized yields with strong practicality. If a user fully subscribes to one of these 7-day fixed-term products, they will earn 57.5 USDT upon maturity.
In addition, HTX is the only exchange among the four to launch a high-interest BTC financial product, giving it an edge in product diversity.
Bitget's 14-day fixed-term ETH product also offers a 10% annualized rate, matching HTX, but its quota is only 5 ETH, falling short of HTX's 11 ETH; its 7-day fixed-term ETH product boasts a staggering 50% annualized rate. However, this product is limited to new users only, with a quota of just 0.4 ETH, resulting in an estimated return of only 10.5 USDT.
Gate has also focused on ETH products, raising annualized rates for its 3-day and 7-day fixed-term products to 5% and 6%, respectively. While there are no quota limits, its rates lag behind those of HTX and Bitget.
Binance launched a time-limited campaign for its USDT, ETH, and SOL flexible savings products. Compared to other exchanges, however, its ETH flexible savings product is less attractive, with a maximum rate of only 2.1%. The USDT flexible savings product saw a larger rate increase, adding a second tier of amounts with a yield of 4.15% compared to pre-campaign levels. Still, Binance's USDT flexible savings rate holds no advantage over those offered by other exchanges.
Comparison of Stablecoin Flexible Savings Products
Besides the new financial products mentioned above, the earning potential of USDT flexible savings products is another key indicator of an exchange's attractiveness in wealth management services. Binance's USDT flexible savings product has already been discussed above and will not be repeated here. Bitget and HTX offer similar USDT flexible savings products: Bitget leads in interest rates, offering 12.9% annualized within the first tier (up to 500 USDT) and 4.9% beyond that; HTX excels with a higher tier threshold (1,000 USDT), offering 10% annualized within the tier and 4% beyond. Gate's current USDT flexible savings product offers nearly 4% annualized, with an additional 10% bonus annualized yield available for amounts up to 500 USDT.
Regarding other stablecoin flexible savings products, Binance's FDUSD and Bitget's USDC are also somewhat competitive. Meanwhile, HTX is currently offering a subsidy of up to 20% annualized yield on the decentralized stablecoin USDD, making it a noteworthy stablecoin financial product.
Note: This article does not constitute investment advice
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