Dear Bithumb Global Users,
Bithumb Global will list XRPS digital asset service on SMART, details are as follows:
Trading will be available on：May 21, 2020 at 10:00(UTC+8) Trading here >>
Trading Pair: XRPS / USDT
XRPS(1x short XRP) is a token that seeks an expected return associated with -1 time XRP yield. For example, when XRP falls by 5%, XRPS will rise by 5%; When XRP goes up 3%, XRPS will go down 3%.
The transaction fee for XRPS is 0.1%. At the same time, 0.05% of the total XRPS assets will be charged to the XRPS holders on a daily basis as a management fee.
There are significant risks in trading digital asset. Please know well of Smart Token and consider carefully whether digital assets trading are appropriate to your financial situation.
Bithumb Global Team
May 21, 2020