Wednesday, October 27, 2021
HomeNewsFTX Derivatives Exchange Launches Bitcoin Hashrate Futures

FTX Derivatives Exchange Launches Bitcoin Hashrate Futures

According to an official , the FTX Hashrate Futures will start at the beginning of a quarter and end with the quarter. The Hashrate Futures expiration value will be calculated by averaging each block mined in the quarter, together with the specific difficulty for that block. The resulting figure will then be divided by 1 trillion.

Generally, the higher the difficulty in mining BTC blocks, the more secure the BTC network is, and the more favourable the futures contract becomes.

FTX’s launch of BTC Hashrate Futures is coming exactly a week after Bitfinex’s launch of a on its platform. In addition to its oil futures and volatility tokens, FTX is repositioning itself for the futures market.

Image Credits: Pixabay

RELATED ARTICLES

Most Popular