Bitcoin Mining Related Financial Products to Rise this Year: Report

In a recently published annual report on Bitcoin mining for 2019, TokenInsight spoke about mining-related financial products that are available today, and how they might change in 2020. According to the report, ‘diversified financial products will be launched in the future, paving the way of fierce competition in 2020.”

TokenInsight also pointed out how the risks involved with cryptocurrencies due to their volatility are much higher when compared to the traditional equity market. Without the proper tools to manage that risk, cryptocurrency’s financial market is, “inefficient, lacking appropriate risk management and thus limiting the proper price discovery channels.”

Related Reading: Are Bitcoin Price Predictions a Waste of Time?

The report also showed how, at present, the lending products available on the market are relatively diverse, with interest rates and collateral rates varying greatly between products.

For example, Beibao Finance provides Bitcoin lending products at an annualized yield of 14.782%, while NEXO provides the same at just 5.9%. Read More...

Annual Report on Bitcoin Mining
Financial Mining Products to Rise?

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