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Algorithmic Cryptocurrency Trading Platform GSR Introduces Bitcoin Halo Option And Crypto Hedging Product

GSR is an algorithmic cryptocurrency trading platform introduces an option called Bitcoin Halo Option. The option will be there on the value of a trading account. A premium upfront has to be paid for purchasing the option. Whereas the trading account begins with a value of zero. 10 trades in the BTC/USD market until maturity are allowed to perform on a daily basis.

If the value of the trading account will be positive, then the value will be received. If the value of the trading account will be negative, then nothing has to pay. This will be carried out at the maturity date.

It is announced, “This is analogous to an insurance policy on the trading account where the holder enjoys all the profits of the strategy at maturity, but should there be losses then no further cash flow takes place.”

The algorithmic cryptocurrency trading platform GSR is recognized as the original leader in algorithmic digital asset trading. It was set up in 2013. Billions of dollars worth of digital assets were traded and managed. A proprietary software suite of the platform was used for that trading and managment. It can meet all the needs related to liquidity.

GSR is said to have an immense experience related to digital asset liquidity and microstructure. The GSR team optimizes decades of experiences from leading enterprises like an investment banking company called Goldman Sachs, a systematic investment manager called Two Sigma, a financial services company called Nomura International, a computer software company called Oracle Corporation, a payments technology company called Circle and a computer hardware company called IBM, GSR Team reported on Medium.

The algorithmic cryptocurrency trading platform GSR has also introduced a product called Bitcoin Variance Swap. The product helps investors, traders, and companies in hedging their digital asset portfolio against Bitcoin volatility. This Bitcoin volatility occurs during Bitcoin price fluctuations. The Co-founder at GSR Cristian Gil said, “While GSR is a veteran in this space, many of the financial instruments that are common in traditional finance have not made their way to the digital asset space. We believe that this product will be a mainstay of portfolio managers in the months and years to come,” Business Wire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Shabnam Dhar is a Copy Editor for OWLT Market.

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