DUBAI, Nov. 09, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for November 9, 2023.
OKX Introduces "Seagull" Product to Allow Users to Earn High Yields in a Bullish or a Bearish Market
OKX is pleased to announce that it has launched "Seagull", an Earn product that offers traders an innovative way to earn a potentially high yield on their holdings in a bullish or a bearish market.
With the Seagull product, OKX users are selling an option and receiving a premium. Meanwhile, they are using a portion of the premium to buy a call spread or put spread, with the aim of earning a potentially high yield in a bullish or bearish market. Seagull is a one-direction protective technique whereby either downward or upward movements can be reined in.
OKX Seagull gives users the flexibility to choose between BTC, ETH or USDT, enabling them to earn substantial returns in trending market conditions.
To learn more about Seagull, click here.
For further information, please contact:
Media@okx.com
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace and DEX.
OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
The information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
