TechFlow reports that cryptocurrency exchange BIT (bit.com) has launched an exclusive new product — Squared Options. Developed in collaboration with its strategic partner VETA Finance, this innovative financial product enables users to gain leveraged exposure to Bitcoin and Ethereum in a simpler and more accessible way, offering opportunities for amplified investment returns.
Squared Options are spot-based products wrapped as options strategies, freely tradable by users in the Spot Plus market on the BIT App. These products generate amplified returns when the price of Bitcoin or Ethereum moves in the user’s anticipated direction. For example, BTC²UP delivers amplified gains if Bitcoin's price rises, while BTC²DOWN provides amplified gains if Bitcoin's price falls.
The first batch introduces Squared Options for BTC and ETH, with maturity dates set for May 31 and June 28 respectively, featuring one UP and one Down option each, totaling eight trading pairs.
