Dual Cryptocurrency Notes (DCN)

Purchase or sell a cryptocurrency at your desired target price, on a specific date in the future - all while earning a high return.

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Benefits

Attractive return

Earn yield that’s higher than your Ledn Transaction account.

Sell BTC high

Sell BTC at a higher price that you're comfortable with in the future.

Buy BTC low

Purchase BTC at a lower price that you're comfortable with in the future.

Introducing Ledn Dual Cryptocurrency Notes

With DCNs, you can grow your digital wealth in a whole new way

DCNs offer two main benefits that make them an attractive income stream:

Higher Returns: They offer returns that are higher than your Ledn BTC or USDC Growth account – typically by 1.5 to 3 times!

More client control: With DCNs, you automate your view of the price of BTC, allowing you to sell high or buy low at prices you’re happy with. You pick the Strike Price and maturity date, which in turn generates the return for your DCN.

How does a DCN work?

1. Select your DCN pair and amount

Choose from 'BTC to USD' or 'USD to BTC' pairs based on your market outlook. You can choose from the following strategies:

BTC to USD: Sell BTC high

USD to BTC: Buy BTC low

2. Choose your term rate of return, strike price and maturity date

Once you've picked your pair and entered your DCN amount, you can pick the term rate of return, future maturity date and price at which you'd be happy to buy or sell BTC at, also known as the strike price.

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3. Review and execute your trade

Review your order and confirm. Your DCN will mature on your chosen date!

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Sell BTC high: BTC to USD

Sell your BTC in the future at a pre-selected higher price and receive USD.

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Scenario 1:

BTC is above the strike price on the maturity date.
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Outcome:

Your BTC will be sold at the selected strike price and you will receive USD* and your term return in BTC.

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Scenario 2:

BTC is at or below the strike price on the maturity date.
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Outcome:

You will keep your BTC and receive the term return in BTC as well.

Buy BTC low: USD to BTC

Buy BTC in the future at a pre-selected lower price using your USD.

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Scenario 1:

BTC is below the strike price on the maturity date.
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Outcome

You will purchase BTC at the selected strike price using your USD, and you will also get your term return in USD*.

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Scenario 2:

BTC is at or above the strike price on the maturity date.
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Outcome

You will keep your USD* and you will also get your term return in USD*.

The Ledn difference

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Earn a high return

Earn a return that is always higher than your Ledn BTC Transaction account, no matter which direction price moves in.

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You are in control

Customize your terms, including the maturity date and strike price. And, you get to pick whether you buy or sell in the future.

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Automate your intentions

Simply select your terms, lock in your DCN, and we'll take care of the rest.

*USD funds will be funded and returned in USDC on a 1:1 basis through your USDC Transaction account, subject to certain circumstances in which you may receive your funds back in USD. Find out more details in our Dual Cryptocurrency Note Agreement. Availability of the DCN product may vary based on the client's jurisdiction of residence.