The LunaTerra fiasco has really muddied the crypto waters, leaving many investors wondering what’s next for the exciting digital asset market.
With Bitcoin (BTC) currently trading at under $20,000, people are looking for other ways to make a profit in the crypto space.
One of the most popular ways to do this is trading crypto derivatives, one of which is called Dual Investment.
This is a trading product that is available at major cryptocurrency trading platforms such as Pionex, Binance and Matrixport.
While the product doesn’t always have the exact same name, they do work under the same principles.
In fact, exchanges like Pionex offer a range of trading bots that allow users to automate transactions.
Trading bots run Dual Investment opportunities across the three aforementioned trading platforms.
So, we thought we’d make a comparison to help readers find the right Dual Investment product for them.
What Is A Dual Investment Product
The technical term defines it as a non-principal protected structured saving product with enhanced yield.
To simplify and summarise the Dual Investment product, what it does is allow users to buy or sell a cryptocurrency asset at their desired price and time in the future.
Seems like cheating, right? Well, it’s not far off that.
Regardless of the investors’ options, users will earn a high-interest income irrespective of market direction.
To select a product, users choose a crypto, a deposit currency, a subscription amount, and finally a settlement date.
Pionex’s Dual Investment product is what we would consider to be the industry benchmark.
It’s a non-guaranteed investment tool with a heightened rate of return from yield, which is often labelled as a “Earning” in the crypto space.
The crypto firm offers a bot that allows users to buy and sell digital assets at a desired price and date, which can yield huge profits.
Pionex offers the complete package, by allowing users to select the underlying assets, investment, investment currency, and the delivery date at the time of setting the product up.
Any profits made at Pionex will be dominated in the investment currency or an alternative currency, depending on the following factors:
- The target is reached if Settlement Price > Target Price
- The target is not reached if Settlement Price ≤ Target Price
In summary, any return on investment will be made in USDT if the target price is achieved, and if the target price is not met, users will receive it in the target currency.
Pionex users will be offered a staggering 62.49% yield on BTC Dual Investment products over a 1-week period.
Overall, a great product and one that is simplistic, making the whole process quick and painless for users.
Pionex also offers a range of educational materials to help people learn more about Dual Investment products.
Binance’s product is advertised as the “Binance Dual Investment Platform”, which users can find on the desktop site or on the Binance Pro application.
Once you arrive at this point, simply select the asset for Dual Investment and complete the Dual Investment Tutorial, which helps users to understand the risks and opportunities that come with the product.
At this point, users must choose to sell high or buy low, choosing a target price and the settlement date for the purchase.
The final step is to select a subscription amount and then tick to say you agree with Binance Dual Investment’s Service Agreement.
The product offers a 32.69% yield for BTC Dual Investment over a one week period.
One thing we should note about the Binance product is that it offers a comprehensive trading platform, meaning the Dual Investment product isn’t the most important feature of the firms’ offering and maybe doesn’t get the same level of attention to detail that we see at the other exchanges.
Matrixport isn’t as well known as the previous two exchange platforms, but it offers its own name version of the product, called “Dual Currency,” which they describe as a non-principal protected investment product with floating return.
Regardless of the description and name, it’s much the same. Matrixport offers a 1 week BTC yield of 41.71%.
The lowest of all the investment products we’ve discussed here today. However, it does offer a first-class application, which is backed by a range of great earning products.
These are as follows:
- Fixed Income up to 30%
- DeFi up to 10%
- Flexi Saving up to 6%
These yields are excellent and offer some great opportunities to traders. But, overall the Dual Investment product isn’t quite as potent as the other two suggested.
On balance, Pionex offers one of the most comprehensive and easy-to-use trading bots around, without users having to incur any additional costs for running them.
Moreover, Pionex Dual Investment has proven to show the highest returns compared to the other two platforms, though the difference isn’t that significant.
Binance offers more coins to invest with, but with these products, users are generally trading Bitcoin alone.
Matrixport really doesn’t measure up to the other two. Do take a look at Pionex if you’re keen to start trading with this product.