Bitcoin mining firm Luxor and crypto derivatives exchange Bitnomial have launched a Bitcoin hash rate futures product in the United States.
) mining firm Luxor Technology Corporation and Bitnomial Inc. have launched a Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange.the launch of Hashrate Futures, a derivative futures contract for trading the computing power of the Bitcoin blockchain.
A futures contract is a financial derivative where two parties agree to buy and sell a financial asset at a future date for an agreed-upon price.— Bitcoin’s computing power — and is priced according to “hashprice,” Luxor’s measure of Bitcoin mining revenue potential. Luxor also offers non-deliverable Hashrate Forwards which are over-the-counter products and do not settle on an exchange regulated by the Commodity Futures Trading Commission.
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