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.
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Bithumb Global Team
May 21, 2020