Wirex Multiply is a product that allows you to potentially increase your returns by speculating on the price movement of a crypto asset — whether the price goes up or down. It offers directional exposure with leverage, meaning both gains and losses are magnified.
How It Works
You can choose between two options:
UP option: If the price of the crypto asset (e.g. BTC) rises above the entry price, you earn a profit based on the leveraged return.
DOWN option: If the price falls below the entry price, you earn a profit. This allows you to benefit from downward price movements.
This means you can take advantage of market movements in either direction.
What Happens If Your Prediction Is Wrong?
If the price moves in the opposite direction to your prediction and hits your stop-loss level, your Multiply will close at that rate. While this helps limit further losses, you may still lose part of your initial amount.