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25 July 2021

New DeFi futures to enable hedging against Bitcoin mining difficulty

New DeFi futures to enable hedging against Bitcoin mining difficulty


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Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions. .

Touted as fully decentralized hash rate futures, SynFutures’ new offering would let users trade on Bitcoin mining difficulty with wrapped BTC (WBTC). .

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