GSR,
a leader in market making and algorithmic crypto assets trading, has
today released a new structured product called the Bitcoin
Halo Option. Revealed at Consensus 2019 in New York, the largest and
most reputable digital asset event in the world, this new product will
allow investors to manage and limit some of the risk of their trades in
a more comprehensive manner.
The GSR Bitcoin Halo is an option on the value of a trading account once
the derivative reaches its maturation date. The holder of this
derivative pays an initial premium to purchase the Bitcoin Halo Option,
which begins the maturation period with a value of zero. Each trader is
allowed to place 10 trades per day in the BTC/USD markets through GSR,
until the derivative termination date is reached. At maturity, if there
is any positive value remaining from the trades performed, then the
trader collects this surplus. If there is a negative value, then the
trader receives nothing at the end of the term.
“Unlike most traditional financial markets, trading in cryptocurrency is
open 24/7 and positions require constant supervision,” said Cristian
Gil, Co-Founder of GSR. “The GSR Bitcoin Halo Option is essentially a
tool for active traders who want to protect against serious losses. At
GSR, we’re excited to continue introducing innovative new products into
the world of digital assets that are prevalent in the world of
traditional finance. As the crypto markets continue to develop and
attract more traders these types of products and services will be a
necessity.”
This new innovation in the cryptocurrency space joins other new digital
asset products released by GSR, like their Cryptocurrency
Variance Swap. This new option is part of a suite of financial
products that GSR is structuring to offer traders more protection
against volatility in the crypto trading industry. The GSR Bitcoin Halo
Option offers another way for active traders to manage their risk in a
manner that is less time consuming, and more financially secure.
GSR
was founded in 2013 by veterans from the traditional finance and tech
worlds, and remains one of the most experienced companies in digital
asset trading and market making. In the past six years they have created
one of the fastest and most robust trading systems that exists in the
crypto industry. They have successfully traded and managed billions of
dollars worth of digital assets through their unique software. Their
team draws experience from Goldman Sachs, Two Sigma, and IBM, bringing
world class financial knowledge together under one crypto roof.
To learn more about GSR
Bitcoin Halo Option or information about how to purchase
them, contact markets@gsr.io
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