Luxor plans to launch hash rate futures on Bitnomial for U.S. institutional investors at the end of this month

Blockchain infrastructure service provider Luxor Technology Corporation announced plans to collaborate with derivatives exchange Bitnomial to launch exchange-traded hashrate futures for US institutional investors. This new futures product is expected to be launched on Bitnomial at the end of this month. Luxor emphasizes that this financial tool will provide miners with a means of hedging future income, while providing investors with an opportunity to participate in US exchange-traded hashrate futures.

It is reported that the core of hashrate futures products is Luxor's bitcoin hashrate price index, which represents the daily expected value of 1 PH/s hashrate quantified in US dollars. Currently, the price of 1 PH/s hashrate is slightly less than $100. (Bitcoin.com)