GSR Bitcoin Halo Option Launches as a New Product to Limit Exposure to Bitcoin Trading Losses
Hong Kong-based algorithmic cryptocurrency trading company, GSR, on the 13th of May 2019 announced the launch of its ‘Bitcoin Halo Option’.
This was announced at the ‘Consensus 2019’ event in New York, the biggest digital currency event in the world. The ‘Bitcoin Halo Option’ will enable investors manage their assets better with reduced trading risks.
Bitcoin Halo Option Process
This structure allows investors to trade the difference between the derivatives of a premium trading account set up front and the variance in value realized during the duration of the trade till it’s maturity.
Investors are allowed ten BTC/USD trades per day via GSR till the date of the derivatives termination is reached. At the end of the trading cycle, the investor either collects any surplus from the trade, if any or gets nothing if there is a deficit at the end of cycle.
‘A Tool For Active Traders'
Cristian Gil, GSR’s Co founder stated :
“Unlike most traditional financial markets, trading in cryptocurrency is open 24/7 and positions require constant supervision. 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.”
The ‘Bitcoin Halo Option’ is part of a GSR financial services suite that protects investors from the volatility of the cryptocurrency trading market, by providing a more efficient, financial secure, trading risk management structure.
GSR was founded by traditional FinTech veterans in 2013, and is one of the forerunners in the digital asset trading industry.
They are responsible for one of the broadest and fastest digital currency system in the industry managing billions worth of cryptocurrencies.