Last updated: August 25, 2026
Pionex Dual Investment is a non-principal-protected structured product that settles in one of two currencies. Before purchasing, understand the investment currency, target price, settlement date, settlement currency and the risk of conversion at the target price.
Contents
Start with the main Dual Investment guide
The current Pionex Dual Investment guide explains how the structured product works and how to purchase it in the app or on the website. The return is not a guaranteed cash profit because the asset you receive depends on the settlement outcome.
Choose the tutorial that matches your goal
| Tutorial | Primary goal | Main risk |
|---|---|---|
| Buy-the-Dip | Invest stablecoin and accept buying the target asset at a selected price if the settlement condition is met | The asset can be delivered at the target price even when its market price has fallen lower |
| Covered Gain | Invest a crypto asset and accept selling it at a selected price while earning yield | The asset can be sold at the target price and you can miss additional upside |
| Flying Wheel strategy | Alternate structured buy and sell steps under a defined plan | Repeated settlement can leave you holding an unwanted asset or selling before a further rise |
The previous version of this page incorrectly sent the Flying Wheel link to Covered Gain. The link now points to its own strategy page.
What to review before purchasing
- Investment currency: the asset committed to the order.
- Target price: the benchmark used for settlement.
- Settlement date: when the outcome is determined.
- Settlement currency: the asset you will receive under the result.
- Displayed yield: an annualized figure, not the return for the short holding period.
How settlement changes the asset you receive
When investing USDT to buy a target asset, settlement can return USDT plus yield or convert the value into the target asset at the agreed target price. When investing a crypto asset through a sell-style product, settlement can return the asset plus yield or convert it into USDT at the target price.
The important question is not only “What is the APY?” It is “Would I still accept the settlement currency and target price if the market moves sharply?”
Where to find Dual Investment
In the app, Pionex currently directs users to Earn → Structured → Invest → Dual Investment. On the website, use Earn → Structured → Dual Investment. Product availability, supported assets, minimums, dates and yields are shown in the live purchase screen.
Frequently asked questions
What is Pionex Dual Investment?
It is a non-principal-protected structured product whose settlement currency depends on the target price and settlement outcome.
Is Dual Investment principal protected?
No. Market movement and settlement conversion can leave the received asset worth less than the original investment.
What is Buy-the-Dip?
It invests stablecoin with the possibility of buying the target crypto at the chosen target price on settlement.
What is Covered Gain?
It invests a crypto asset with the possibility of selling it at the chosen target price while earning the stated yield.
What is the Flying Wheel strategy?
It combines structured buy and sell stages under one repeated plan, with settlement and market risks at each stage.
Is the displayed APY my actual short-term return?
No. APY annualizes the yield. Check the actual holding-period return and settlement amount shown before purchase.
Can I choose which currency I receive?
The settlement currency is determined by the product rules, target price and settlement price, not by a choice made after expiry.
This article is for informational purposes only and does not constitute financial or investment advice. Structured products can settle in an asset you did not intend to hold and can cause loss of capital.
