Luxor Technology and Bitnomial Launch Bitcoin Mining Derivatives in the United States

Luxor Technology and Bitnomial launched Bitcoin Hashrate Futures, the first fully regulated Bitcoin mining derivative, in the US on May 28. The product allows miners to hedge their earnings and provides investors with new access to the Bitcoin mining market. Each contract represents 1 PH, has a term of one month, and is settled using Luxor's Bitcoin Hashrate Price Index.
Matt Williams, head of derivatives at Luxor, said the contracts will enable more transparent, secure and liquid hashrate trading. Luke Hoersten, founder and CEO of Bitnomial, added that hashrate futures meet the mining community's demand for new hedging instruments and enhance Bitnomial's bitcoin derivatives portfolio.