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CoinJar Tackles Bitcoin's Volatility with New 'Hedged Accounts'
Updated Sep 14, 2021, 2:02 p.m. Published Feb 10, 2015, 11:53 a.m.
Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to shield customers from bitcoin's volatility.
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The new accounts, which CoinJar is calling "Hedged Accounts", will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro.
Asher Tan, CoinJar's CEO, explained that the new option would benefit those who would like to start using bitcoin for practical purposes, but do not want to "manage it actively or worry about fluctuating price".
He continued:
"While some users enjoy the speculative aspects of bitcoin, there are others who would like to hold bitcoin without worrying too much about volatility. Hedged Accounts make bitcoin a more stable currency, and more useful to people."
Today's launch follows the recent release of CoinJar's new iOS app, CoinJar Touch, and the trial of Australia's first bitcoin debit card, CoinJar Swipe, last year.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
알아야 할 것:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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