As an experienced financial analyst, I am excited about this new innovation from Luxor Technology Corporation and Bitnomial, Inc. The launch of Luxor Bitcoin Hashrate Futures marks a significant milestone in the cryptocurrency market, making it the first Bitcoin mining derivative to be traded on a regulated exchange.
As a researcher, I’m excited to share that Luxor Technology Corporation and Bitnomial, Inc. have recently introduced an groundbreaking financial instrument on Bitnomial’s regulated US derivatives exchange: the Luxor Bitcoin Hashrate Futures. This marks a significant milestone as it represents the first Bitcoin mining derivative available for trading on any type of regulated exchange. The introduction of this product is expected to bring numerous advantages to market players, including miners and investors. These benefits include enhanced liquidity, greater transparency in contract settlements, and reduced counterparty risk.
As a crypto investor, I’m excited about the opportunity to trade $HUP, the ticker symbol for the Bitcoin hashrate futures contract. With each contract representing 1 PH in size and monthly expiration dates, these futures are an innovative way to gain exposure to the price of Bitcoin mining hashrate. The settlement value for these futures is derived from Luxor’s Bitcoin Hashprice Index, a reliable benchmark directly linked to the mining hashrate – the very foundation of Bitcoin mining itself.
Based on Matt Williams’ explanation as the Head of Derivatives at Luxor, Hasrate Futures play a significant role in the mining sector by enabling miners to protect their Bitcoin revenue income through hedging.
“Hashrate Futures represent the peak of Bitcoin mining hedging tools, a concept that Luxor initially conceived when we developed the Hashprice Index back in 2020. These derivatives provide market players with the first legally regulated Bitcoin mining contracts. They will pave the way for a new chapter in hashrate trading, characterized by increased transparency, heightened security, and enhanced liquidity.”
Individuals having FCM accounts on Bitnomial have the ability to trade the futures contracts offering crypto derivative products, which cater to the increasing market demand in this sector.
Read More
- Hrithik Roshan’s ex-wife Sussanne Khan shares beautiful birthday wish with pic ft actor’s GF Saba Azad: ‘The best of your talent…’
- ’28 Days Later’ Gets Official Streaming Date From Sony
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- Yami Gautam flaunts her ‘Monday morning happiness’ as she resumes shoot after son Vedavid’s birth; See PIC to find out 2nd reason for her smile
- Deva: Shahid Kapoor starrer’s director Rosshan Andrrews reveals idea behind his character; ‘he has a ‘don’t care’ attitude
- Raj Babbar’s daughter Juhi Babbar shares at what age father told her about his second wife, Smita Patil; any guesses?
- ‘Violent Night 2’ Writers Discuss Who Could Star as Mrs. Claus
- Wolf Man” Director Declares “Invisible Man
- Dexter: Original Sin Made Me Holler At My TV When That Killer Easter Egg Appeared, And The Creator Shared His Own Excitement
- Top gainers and losers
2024-05-29 04:37