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Coin Metrics Designed New Tools to Better Hedge Bitcoin’s Hash Rate

Yiran Dai

Summary: Coin Metrics designed two new tools, the CMBI Bitcoin Index and the Observed Work, to provide a mechanism that hedge and speculate on Bitcoin’s hash rate, according to an announcement of the crypto data company on May 5, a week before the Bitcoin halving.

Coin Metrics designed two new tools, the CMBI Bitcoin Index and the Observed Work, to provide a mechanism that hedge and speculate on Bitcoin’s hash rate, according to an announcement of the crypto data company on May 5, a week before the Bitcoin halving.

Compared with the current estimation method, which includes a lookback period, the Coin Metrics tools claim to be more reactive, responsive, and resistant to manipulation so that markets can trade and hedge Bitcoin’s hash rate more effectively and efficiently.

By Yiran Dai

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