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Bitcoin's newest trading product offers direct exposure to its volatility, and BlockTower Capital is the first to dive in
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Quick Take
- Hong Kong-based trading firm GSR just executed its first bitcoin variance swap trade with BlockTower Capital
- Different from perpetual swaps and other popular derivatives products in the market, GSR’s derivatives offering gives investors more exposure to price volatility than its directional movement
Bitcoin’s volatility has long been thought of as one of the major factors that keep big money managers from investing, but a new esoteric financial product could help traders hedge against the cryptocurrency’s price swings. Hong Kong-based trading firm GSR revealed to The Block that the first trade of its bitcoin variance swap has been […]
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