Understanding Shark Fin Before Subscription
Shark Fin is a type of structured financial product that offers investors an opportunity to earn yields based on the price stability of an underlying cryptocurrency asset. These products are ideal for markets with low volatility and allow users to potentially earn higher returns compared to traditional savings products.
Before subscribing, there are a few key points to keep in mind:
- Only your main account is eligible for participating in Shark Fin.
Subscription periods are strictly defined:
- 3-day Shark Fin: Runs from Monday 12:05 UTC to Tuesday 11:55 UTC.
- 7-day Shark Fin: Operates from Thursday 12:05 UTC to Friday 11:55 UTC.
- Early redemption is not permitted. You must wait until the product reaches its maturity date.
Understanding these basics will help you make informed decisions and avoid common pitfalls.
How to Subscribe to Shark Fin
Using the Mobile App
- Open your app and navigate to the Earn section.
- Select Structured Products and then choose Shark Fin.
- You will see available options such as Bullish/Bearish in BTC, ETH, or BETH. Select one that matches your market outlook.
- Enter the amount of cryptocurrency you wish to subscribe with and confirm the order.
The process is intuitive and user-friendly, allowing you to complete your subscription within minutes.
Via the Web Platform
- Visit the website and go to the Earn section.
- Click on Structured Products and access the Shark Fin offerings.
- Pick from the available subscription options during the open period.
- Input your desired investment amount and finalize the subscription.
Both platforms offer a seamless experience, though some users may prefer the expanded view on desktop.
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What Are Structured Products?
Structured products are innovative financial instruments designed to generate yields through derivatives markets. They allow investors to align their strategies with current market conditions and personal risk tolerance.
These products often combine fixed-income assets with derivatives to offer customized risk-return profiles. Their growing popularity stems from their ability to provide enhanced yields in various market environments.
Key benefits include:
- Potential for higher returns compared to standard deposit products.
- Flexibility to choose products based on market outlook.
- Capital protection features in certain product types.
Common Types of Structured Products
- Shark Fin: Offers returns based on whether the asset price remains within a predefined range.
- Dual Investment: Enables buying or selling crypto at a target price while earning high returns.
- Dual Investment Lite: A simplified version with more flexible target pricing and lower risk.
Each product serves different investor needs, from conservative to more risk-tolerant strategies.
Frequently Asked Questions
What happens if the market is highly volatile during the Shark Fin term?
If the price exits the predetermined range, you may receive only the basic yield or no additional returns. It is crucial to assess market conditions before investing.
Can I withdraw my funds before the product matures?
No, Shark Fin products do not support early redemption. Your funds are locked until the maturity date.
Which cryptocurrencies are supported?
Typically, Shark Fin products are available for major cryptocurrencies like BTC and ETH. Always check the available options during the subscription period.
How are returns calculated?
Returns depend on the asset’s price behavior. If it stays within the set range until expiration, you earn the higher yield. Otherwise, the return may be lower.
Is there a minimum investment amount?
Yes, the minimum subscription amount varies per product and is displayed during the ordering process.
Are structured products suitable for beginners?
They can be, but it’s important to understand the associated risks and mechanics. Beginners should start with smaller amounts and consider products with capital protection.