Bitcoin miners could soon hedge their risks as Interhash and GSR are set to launch derivatives

Quick Take

  • Canaan strategic partner Interhash and market maker GSR have tied up to launch derivatives for bitcoin miners
  • Cristian Gil, co-founder of GSR, said that bitcoin miners are currently either “under-hedged or outright un-hedged against adverse price action”
  • The new products are expected to launch next month.

Bitcoin miners could soon protect themselves against volatility in bitcoin prices with derivative products.