CoinJar Launches AUD, GBP, EUR and USD Hedged Bitcoin Accounts

CoinJar has added a hedging feature for its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term brokerage and wallet service. Users can 'peg' their bitcoins' value to that of fiat currency, with AUD, GBP, EUR or USD as the choices currently available.

The feature can be valuable to, for example, businesses and charities accepting bitcoin but want to avoid exposure to its Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. CEO Asher Tan said:

"Hedged Accounts are great for people who want to start out with bitcoin for practical purposes but don’t want to manage it actively or worry about price volatility."

In essence, an account holder's balance fixed in fiat terms, meaning that the true bitcoin balance can fluctuate. CoinJar did not elaborate further on the mechanics, but the setup effectively means that you are not holding bitcoins.

Similar services by other providers have popped up during the past year, with some offering the option to peg your bitcoin holdings to gold.