.LuxorTechTeam is launching a new derivatives product to help the bitcoin mining industry hedge its risk. By Aoyon_A
Crypto software and services company Luxor is launching a new product for investors and companies to lock in profits using bitcoin mining derivatives.
“Hashprice-based derivatives such as the Luxor Hashprice NDF forward contract will usher in a new era of financial instruments for bitcoin miners and give them a much-needed tool to hedge their mining operations,” the statement said. It will also help investment firms such as prop traders and hedge funds gain exposure to the mining industry, the statement added.
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