Not exact matches
The company also unveiled a custodian service that offers to securely store
cryptocurrency holdings for institutional investors, like
hedge funds.
I own 50 different
cryptocurrencies, which we don't really trade, of course; we do have some money in LP positions with
hedge funds, but now a days we just buy and
hold.
As futures contracts become more widespread in the
cryptocurrency world, payment processors, miners and speculators gain the ability to
hedge their bitcoin
holdings.
Holding bitcoins and other
cryptocurrencies through Wirex serves as a
hedge against the possibility of the value of any particular fiat currency collapsing without warning.
Head of trading at Cumberland, the
cryptocurrency trading unit of DRW
Holdings LLC, Bobby Cho, said that people were better prepared and knew how they were going to
hedge their positions, in comparison with last week's CBOE launch.