Bitcoin mining gear maker Canaan has tied up with cryptocurrency market maker GSR to offer its clients risk management products to protect themselves against volatility in bitcoin prices.
Risk management for Bitcoin Miners
GSR has been building algorithmic trading systems in cryptocurrency markets longer than any other trading company. Our Research team is continuously working on simulations to optimise our models.
The GSR team leverages decades of experience from Goldman Sachs, Two Sigma, Tower Research Capital, and IBM across trading, quantitative investments, and trading technology. GSR has set the standard for trading options programatically. Our team has the experience and technology necessary to offer unparalleled liquidity in a nascent options market.
New tools for Risk Management
In 2019, GSR pioneered many new tools for risk management in the digital asset space, including Extendable Swaps, the Bitcoin Accumulator, and Binary Options. GSR traded the first ever Variance Swap on bitcoin in June 2019, a staple of risk management products in traditional finance. We are constantly innovating within the crypto derivatives space offering unique and custom tailored risk solutions to miners. Allowing mining companies to hedge against revenue, mining costs and bitcoin’s hashrate.
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Liquidity provider GSR is introducing derivative products to help crypto mining companies hedge their risks against price volatility.