Orbit Markets, a leading institutional liquidity provider of crypto options, has unveiled its first hybrid-focused derivative product in partnership with execution broker PI Digital. The move comes at a time when various crypto industry firms are providing stable returns during economic uncertainty. The product, known as XAUT, combines gold and digital assets, offering investors exposure to both while maintaining their value. The derivative is backed by Tether and can be settled in USDT, XAUT or Bitcoin at maturity, based on Orbit’s designation. Traditional financial service providers frequently offer hybrid products that combine stock and commodity assets. OrBit stated that investors anticipating a prolonged rally in safe haven assets, such as gold and digital currencies, have increased due to growing concerns regarding the Federal Reserve’s hawkish monetary policy and the banking sector’s tumultuous state. The “dual option on both BTC and XAUT” permits investors to express varied advanced perspectives on Bitcoin and XAU tokens, encompassing boosts or declines in income for both or if earnings for one asset ascend yet depreciate for the other. Notably, in March, DeFi-centered resource administration organization MEV Capital utilized OrBit Markets-issued alternatives agreements to defend liquidity suppliers’ situations and avoid losses in Uniswap v3 fluid pools. “OrBit aims to offer adaptable arrangements to our counterparties,” said Pulkit Goyal, OrBit Markets’ VP of Trading, including that “OrBit intends to dispatch further half items committed to institutional speculators.” Edited by James Rubin.
Based on the latest news, here’s how we can rewrite the article:
Orbit Markets, a prominent institutional liquidity provider of crypto options, has announced the launch of its first hybrid-focused derivative product in collaboration with execution broker PI Digital. As the crypto industry grapples with economic uncertainty, various firms are introducing products designed to provide steady returns. Orbit’s new product, known as XAUT, combines both gold and digital assets, allowing investors to benefit from exposure to both while preserving their value. Backed by Tether, XAUT can be settled in USDT, XAUT, or Bitcoin at maturity according to Orbit’s preference. Traditional financial service providers typically offer hybrid products comprising stocks and commodities. In light of increasing fears concerning the Federal Reserve’s hawkish monetary policy and banking sector instability, Orbit reports that investors seeking a sustained rally in safe haven assets such as gold and digital currencies have surged. The “dual option on both BTC and XAUT” enables investors to express multiple sophisticated viewpoints on Bitcoin and XAU tokens, including increases or decreases in returns for both or if returns for one asset increase but decrease for the other. Recently, DeFi-focused asset management firm MEV Capital employed Orbit Markets-issued options contracts to protect liquidity suppliers’ positions and prevent losses in Uniswap v3 pools. According to Orbit’s Executive Vice President of Trading, Pulkit Goyal, “Orbit aims to offer flexible solutions to our counterparties.” Orbit intends to introduce additional hybrid products catering to institutional investors. Edited by James Rubin.
Additionally, here’s how we can incorporate the latest news about investor interest in digital assets and crypto indices:
As investor interest in digital assets grows, companies are creating indices and funds to offer exposure to a broader array of crypto assets beyond just Bitcoin. According to Jason Leibowitz from Hashnote, evolving products in this market include crypto indices and funds. Kim Greenberg from CoinDesk Indices responds to queries in Ask an Expert. Links to announcements by SWIFT, BlackRock, and the London Stock Exchange regarding their intentions to integrate digital assets can also be found in Keep Reading. Happy reading!
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