GSR, which is a crypto trading company based in Hong Kong, has announced the launch of the cryptocurrency variance swap product in a press release on April 24. This product will protect the hedge against market volatility.
The product will allow investors, traders, businesses, and other crypto portfolio holders to hedge against crypto volatility in the market. According to Investopedia, financial swaps are financial derivatives used to speculate about the volatility of assets.
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This derivative allows the user to trade the difference between the predetermined value and the variance that occurs during the duration of the swap. The company also explained there were ways to get similar effects through the use of existing vanilla options.
In this release, the GSR claimed that they managed to manage and trade billions of dollars in digital assets through their software.
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The SWIS main exchange has traded products based on XRP, and private bank Kleinwort Hambros, launched a note traded on an exchange consisting of companies related to the Blockchain.
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