During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day.

Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token

Bitcoin.com Exchange traders can now access a new Ethereum-based inverse token created by the company Amun. Our cryptocurrency trading platform has added BTCSHORT so traders can gain exposure to the inverse or -1x the daily performance of bitcoin (BTC). The new token will be accessible at 10:00 a.m. UTC and it will be paired with the stablecoin tether (USDT). A recent blog post published by Bitcoin.com explains how the BTCSHORT product from Amun works and how customers who use our exchange can leverage the token.

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

“BTCSHORT is strictly not a security, carries many risks, and is not suitable for risk-averse token holders and traders,” the blog post explains. “This type of…

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Source: https://news.bitcoin.com/exposure-to-1x-the-daily-performance-bitcoin-com-exchange-adds-inverse-token-btcshort/