New Platform Launches to Allow for Discounted Trading on Locked-Up Assets
A new secondary market platform has launched, offering traders the ability to bid on assets that are temporarily locked up. The platform will allow for the trade of Token-Based Trading (TBT) products, which are backed by assets such as ether (ETH) or bitcoin (BTC) that have a specific lock-up period.
According to the platform’s co-founder, Ryan Pyle, traders will have the opportunity to bid for discounted TBTs based on the duration of the lock-up period of the asset. For instance, a trader could bid for a 3% discount on ETH with a 10-month lock-up period. The discount amount could change based on the length of time the asset is locked up.
This new platform offers traders the opportunity to access assets that may have been previously unavailable for trading due to their lock-up periods. However, users should be aware of the risks associated with such trades and conduct thorough research before participating.
As with any investment, it is important to properly evaluate the potential risks and rewards before making any trades. This platform should be approached with caution and only after conducting proper research.