Customized Trading – Astria

What is Customized Trading – Astria?

In order to meet the diverse investment needs of institutional users and address the limited trading strategies and products caused by the lack of cryptocurrency derivatives in the market, Pionex has introduced Customized Trading, utilizing the over-the-counter (OTC) market to allow institutional users to invest in products of their interest anytime, anywhere.

List of Products (More Products Coming Soon)

Snowball Structure: It is an exotic option with knock-in and knock-out prices, observation date, and expiration date

1. Assuming the underlying asset is BTC, with a term of 3 months, and fixed observation dates every month, with three monthly observation dates. The initial reference price is 30,000 USDT.
2. The knock-in price is 80% of the initial reference price, which means the knock-in event occurs if the coin price on the observation date (8:00 am UTC) is below 80% of 30,000 USDT.
3. The knock-out price is 110% of the initial reference price, which is 33,000 USDT. In other words, if the coin price on the observation date (8:00 am UTC) is above 33,000 USDT, the knock-out event occurs.
4. How to earn interest: If a knock-out event occurs on the observation date, the option will be automatically knocked out, and the funds will be returned with earned interest. If a knock-in event occurs on the observation date, there will be three scenarios:
   1. 1. If a knock-out event occurs on subsequent observation dates, the interest will be calculated based on the annualized return.
   2. If the coin price on the expiration date is higher than the initial price, the return will be 0.
   3. If the coin price on the expiration date is lower than the initial price, losses will be incurred based on the decline rate.

Phoenix Structure: Similar to the Snowball Structure, the Phoenix Structure also uses barrier options

1. Assuming the underlying asset is BTC, with a term of 3 months, and fixed three monthly observation dates. The initial reference price is 30,000 USDT.
2. The knock-in price is 80% of the initial reference price, 24,000 USDT. In other words, the knock-in event occurs if the coin price on the observation date (8:00 am UTC) is below 24,000 USDT.
3. The knock-out price is the coin price on the observation date (8:00 am UTC). In other words, if the coin price on the observation date (8:00 am UTC) is above 30,000 USDT, the knock-out event occurs.
4. How to earn interest: At 8:00 am UTC on each observation date (in this example, a total of three times). If a knock-out event occurs, you will earn the interest and the product will immediately expire, receiving the accrued interest on all the untriggered observation days. If no knock-out event occurs, you will earn the interest on all untriggered observation days until the end of the term.

Bulk Deal of Options

Astria’s robust backend can provide bulk trading of different cryptocurrencies, with a fast and secure process.

How to Trade Customized Products?

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