<p>Algorithmic digital assets trading and market making company GSR <a href="https://www.businesswire.com/news/home/20190424005745/en/GSR-Launches-Variance-Swaps-Structured-Product-Hedging" target="_blank" rel="noopener noreferrer">announced</a> the launch of its new bitcoin hedging product. Bitcoin Variance Swaps allow investors, traders and companies alike to hedge their portfolios against bitcoin volatility.</p> <p>“We are introducing a new product into the world of digital assets that allows traders, investors, businesses or anyone who holds a serious portfolio, to hedge against and take advantage of one of the most common and intimidating parts of crypto markets: volatility,” said Cristian Gil, Co-Founder of GSR.</p> <p>Cryptocurrency volatility is nothing new—just at the beginning of April, bitcoin saw a 200 per cent increase in volatility. Bitcoin Variance Swap will let investors take advantage of it.</p> <p>According to Gil, instruments that exist in traditional finance still haven’t reached the realm of digital assets. “We believe that this product will be a mainstay of portfolio managers in the months and years to come,” he said.</p> <p>Earlier this month, GSR <a href="https://medium.com/gsr-trading/how-do-you-solve-a-problem-like-wash-trading-in-crypto-dbdc18df43a0" target="_blank" rel="noopener noreferrer">released</a> an algorithm to prevent wash trading for exchanges.</p>