FTX on Futures contracts that track the development of the Hash Rate
The new Hash-Rate-Futures contract from the house of FTX represents the difficulty of Mining and allowed dealer Orders to Changes in the Rate
The crypto-derivatives platform FTX announced today the launch of innovative Futures product, the exploited, the Mining difficulty in the Bitcoin System.
Is offered, the offer of FTX simply as a “Hash Rate Futures”, the quarterly statements are provided. According to a FTX blog post for the product launch it is called, into account, the Bitcoin Hashrate in the derivative calculations as an approximate value in line with the average level of difficulty.
“Accurate measurements of the Hash Rate are not possible. The best available is a calculation approximated on the Basis of the difficulty and block times“, as FTX in stock market Blog explains.
It is the first offer of a leading exchange platform, where the contracts in connection with the Hashrate. The detection of the average BTC difficulty is in each day as well as at the end of a quarter.
FTX three presented such trade contracts, the first runs in Q3 2020. Here are the average Mining are recorded-Difficulties for the period of July to September of this year (three months). Contract no. 2 expires in Q4 2020, the third in the League in the first quarter of 2021.
So BTC-traders can now use a product without taking into account the actual Bitcoin price. Interesting product-the Start of the Hash Rate Futures may not be the last for the Miner, which is looking for a way to hedge. You can hedge against the 14-daily Changes in the BTC Mining difficulty.
The Hashrate reached before the Bitcoin Halving to an all-time high, but dropped after the Halving, while the competitors Bitcoin Cash (BCH) and Bitcoin SV recorded an increase in Rates. Since then, the BTC-Rate is increased parallel to the increase in Mining difficulty.
FTX started the business in 2019, and secured by investors in a financing round of US $ 8 million. One of the donors of the crypto-giant Binance was. FTX‘ awareness has increased rapidly, the provider has become a Top address in the range of crypto-derivatives – especially open-ended contract offers are sought-after.
Recently, the stock exchange had launched a contract based on the price of Oil – the Start on the product, which was followed the price of black gold in a Moment, in which the courses were dropped on the market already.
The newly introduced FTX-product feet on a once again revolutionary contract-approach to Futures. Said basis a launched offer the equally well-known crypto-platform Bitfinex is. In this case, it was a derivative contract in which the tracking of the Bitcoin dominance compared to Altcoins.
According to the stock exchange, US investors are once again, unfortunately, in the tube, you will not once come to dwell in the enjoyment of the BTC Hash Rate Futures.
