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.
“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…