Product Innovation: Daily Dual Currency Mechanism Enhances Flexibility

Matrixport recently launched the market's first "Daily Dual Currency" structured financial product. This innovative product introduces a "daily knock-in/knock-out observation" mechanism based on traditional dual currency financial products (DCP, i.e., Dual Currency Product). In simple terms, traditional dual currency investments only determine whether to knock in or out based on the price on the maturity date, while the daily dual currency product monitors the underlying asset price daily. When the price reaches the preset target price (knock-in price or knock-out price), the product cycle can be ended early the next day, and profits can be settled. In either case, investors can obtain the established coupon income. This mechanism significantly enhances the product's flexibility, allowing for quicker profit-taking and dynamic yield locking, thereby improving user experience.

It is worth mentioning that Matrixport's daily dual currency products are divided into bullish and bearish types to meet different investment strategy needs:

Under the daily observation mechanism, whether the market touches the target price upwards or downwards, the "Daily Dual Currency" can flexibly capture opportunities and lock in profits in a timely manner, allowing investors to attack when possible and defend when necessary.

Market Background: Innovative Demand in Low Volatility Conditions

Currently, the volatility of mainstream crypto assets such as Bitcoin (BTC) and Ethereum (ETH) continues to decline, with prices oscillating within a relatively narrow range for an extended period. For investors, this low volatility and consolidation market reduces the opportunities to profit from trends and makes it difficult for traditional dual currency financial products to trigger knock-in or knock-out conditions in the short term. For example, in traditional DCPs, investors often have to wait until the maturity date to determine whether to exchange assets at the pegged price; if the price does not reach the exercise price throughout the cycle, even if it was close to the target at some point, they ultimately cannot realize the conversion or take profits early. This not only causes investors to miss fleeting price difference opportunities but also affects their profit experience. In this market environment, investors urgently need more flexible tools to manage profit expectations and improve capital efficiency.

Matrixport's daily dual currency product was launched to address this pain point. By observing prices daily and allowing for product settlement to be triggered at any time, it helps investors capture profits from price fluctuations in a volatile market. When the market shows any signs of movement and reaches the preset price, the product mechanism will automatically execute the corresponding strategy, ensuring that no fleeting market window is missed. This innovative design allows investors to actively engage even in low volatility conditions, efficiently achieving their profit targets.

Product Mechanism Analysis and Example

To better understand how the daily dual currency works, let's take BTC as an example. Suppose the current price of BTC is approximately 118,900 USDT (data from July 24, 2025).

A bullish investor purchases a bullish daily dual currency product and sets the knock-in price at 115,000 USDT (hoping to buy at a lower price during a pullback) and the knock-out price at 122,000 USDT (setting an ideal profit-taking price). The initial investment is 10,000 USDT, with a maximum term of 10 days.

From the above example, we can see that the daily dual currency product, through daily observation and dual target prices, significantly accelerates the process of profit realization. Within just a few days, investors can complete an investment cycle and then use the principal and profits for the next trading opportunity. This short cycle and quick settlement feature makes it particularly appealing in the current market environment. It is also worth noting that Matrixport's daily dual currency currently supports not only BTC but also major crypto assets like ETH, allowing investors to choose corresponding products based on their market judgments for different currencies.

Comparative Analysis: Daily Dual Currency vs. Traditional Dual Currency Investment

The differences in the two product mechanisms are directly reflected in their performance in volatile markets:

In short, traditional DCPs are like a fixed-route bus that can only decide its direction at the final stop; whereas daily dual currency is more like a ride-hailing service that can stop at any station (target price) along the way to lock in results immediately. This distinction allows daily dual currency to help investors respond calmly and reap rewards in both volatile and trending markets.

Matrixport's Innovative Advantages

As an industry-leading crypto financial service platform, Matrixport's innovation capabilities in structured finance are well recognized. The launch of the "Daily Dual Currency" product once again demonstrates Matrixport's ability to keenly grasp market demands and rapidly iterate products. Compared to other platforms, Matrixport has significant advantages in the following areas:

Market Environment and Research Perspective

Recent market dynamics also confirm the value of launching such flexible yield products. On one hand, the U.S. Congress is accelerating key crypto compliance legislation: for example, in mid-July, the House passed the stablecoin regulatory bill and the digital asset market structure bill with a high vote, establishing a clearer compliance framework for the crypto industry. This has boosted institutional confidence, with more traditional institutions seriously considering allocating digital assets and related financial products. On the other hand, the Hong Kong Special Administrative Region has also taken the lead in implementing regulatory regulations specifically for stablecoins (which will officially take effect in August 2025), and the clarification of the regulatory environment has injected strong confidence into the Asian crypto market. Against the backdrop of major global economies competing to formulate crypto regulatory rules, market participants' demand for compliant and robust crypto investment channels is becoming increasingly urgent.

At the same time, the crypto market itself is in a low volatility period. After a significant rise, Bitcoin and other assets have entered a consolidation phase, with price fluctuations slowing down, making short-term trading profits more challenging for many investors. However, because of this, interest in yield-based financial products has significantly rebounded, with investors hoping to achieve stable returns through structured products. In this environment, the emergence of Matrixport's daily dual currency is timely: it meets investors' desire to obtain additional profits in low volatility conditions and aligns with the market's dual expectations for product compliance and innovation. From a research perspective, the daily dual currency provides an efficient tool for investors who are optimistic about the future market, as well as a new way for risk-averse investors to flexibly manage their positions.

Conclusion: A New Tool for Flexible Yields to Support Steady Growth

In the current market context, the "Daily Dual Currency" is undoubtedly an excellent tool that balances yield and flexibility. Through innovative mechanisms, it integrates the buy low, sell high strategy in digital asset investment into structured products, achieving a dynamic balance of returns and risks. For investors who are optimistic about the long-term value of the crypto market and wish to efficiently capture price fluctuations, the daily dual currency offers a worry-free and professional path: it allows for substantial coupon income while seizing opportunities for additional returns from market changes.

In the future, as the market matures further and the regulatory environment improves, innovative products like the daily dual currency are expected to gain broader application and recognition. Matrixport will continue to leverage its advantages in product design and risk control to bring more innovative and practical digital financial products to global users, helping investors navigate the rapidly changing crypto market steadily and achieve long-term asset appreciation.

Author: Daniel YU, Head of Asset Management (This article represents the author's personal views only)

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