Flynt Launches Industry’s Highest Yield Product on Bitcoin
Flynt Finance, the cryptocurrency financial services company based in Singapore co-founded by previous derivatives exchange operators and analysts, launched a platform for crypto structured products last week. The relatively high returns on Flynt has gained strong interest from crypto yield enthusiasts, especially during the bear market where volatility is harder to come by.
A popular way to hedge is to use options by entering into positions opposite to current asset holding. For example, holding spot bitcoin and buying a put option when you expect some downward price action. Although still a nascent field compared to perpetual futures, crypto options are a great way to hedge your volatile positions both during times of chop and strong trends.
Since 2021 there has been a rush to offer covered call strategies on various cryptocurrencies for the yield-hungry crypto investors. These strategies have been growing rapidly since their inception and have held up surprisingly well during the more recent downturn. Flynt’s team began the new initiative with a bold mission to provide financial freedom to everyone regardless of geography, technology, and privilege.
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