There are four goals of price stable Smart Coins (bitAssets)-- a relatively reliable solution to predict the future value of a token, a predictable stable price with reduced volatility, hedging
against volatile cryptocurrency markets and price action, and a unit of account distinct from assets with capital gains or losses (which has increased tax liability).
Not exact matches
That company, Olsson Capital, has been offering
cryptocurrency CFDs, a notoriously
volatile (and highly leveraged) type of product, which the FCA specifically warned
against in November 2017.
Swiss bank Vontobel said it will start trading Switzerland's first two mini futures to short bitcoin on Friday, giving investors a tool to bet
against the value of the
volatile cryptocurrency or to hedge bitcoin positions.
Tether's USDT has quickly emerged as the asset of choice for
cryptocurrency traders looking to hedge
against bitcoin's
volatile price swings.