According to Odaily, Luxor Technology and Bitnomial launched the first fully regulated Bitcoin mining derivative product, 'Bitcoin Hashrate Futures', in the United States on May 28. The product, trading under the code HUP, allows miners to hedge their income and provides investors with a new entry point into the Bitcoin mining market. Each contract represents 1 PH and has a term of one month. The settlement uses Luxor's Bitcoin Hashprice Index. This new product is expected to bring significant changes to the Bitcoin mining market by providing a regulated platform for trading.
Luxor Technology And Bitnomial Launch Regulated Bitcoin Mining Derivative Product
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