Price
$70.41
11/30/2022, 12:06:43 AM
diamondHands

Buy 1x Short Bitcoin Token with Coinbase Wallet

1x Short Bitcoin Token can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

$1,025.97

Price change (1h)

0%

Price change (24h)

+0.09%

Price change (7d)

-0.48%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

1x Short Bitcoin Token is on the decline this week.

The price of 1x Short Bitcoin Token has fallen by 0.48% in the past 7 days. The price increased by 0.09% in the last 24 hours. The current price is $70.412361 per HEDGE. 1x Short Bitcoin Token is 93.14% below the all time high of $1,025.97.

The current circulating supply is 0 HEDGE.

About

What Is 1X Short Bitcoin Token (HEDGE)?

1X Short Bitcoin Token (HEDGE) is an ERC-20token that aims to deliver -1 time the daily return of Bitcoin. The token is a component and product of the FTX platform. The platform aims to offer its consumers innovative goods linked to cryptocurrency trading. FTX strives to provide a sophisticated platform for professional trading businesses. Therefore, it is user friendly for first-time consumers.

According to the whitepaper, HEDGE is a token that aims to accomplish a daily return equal to the inverse of Bitcoin's USD return. HEDGE has the following features:

  • HEDGE is an ERC-20 token that can freely transfer on the Ethereum network.

  • HEDGE can be generated and exchanged at any moment.

  • HEDGE adjusts once every day to keep the correct inverse Bitcoin position.

The inverse exposure enables Bitcoin traders to enter trades with less capital. However, they have to hold less of their assets in a third-party system for the same price exposure. HEDGE also allows users to hedge natural holdings in cryptocurrencies even if their preferred exchange does not permit margin trading.

The FTX platform provides a specific utility token, FTT, and intends to use it as the network's base. FTX strives to exchange tokenized stocks, futures, and other assets through FTT. FTX also seeks to provide a stable and sound platform with unique and creative crypto exchange capabilities.

History of 1X Short Bitcoin Token (HEDGE)

The FTX team consists of seven people. FTX's CEO and founder is Sam Bankman-Fried. Its CTO and founder is Gary Wang.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to 1x Short Bitcoin Token in market cap.

1x Short Bitcoin Token Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of 1x Short Bitcoin Token?

The price of 1 1x Short Bitcoin Token currently costs $70.41.

What is the market cap of 1x Short Bitcoin Token?

The current market cap of 1x Short Bitcoin Token is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of 1x Short Bitcoin Token?

The all-time high of 1x Short Bitcoin Token is $1,025.97. This all-time high is highest price paid for 1x Short Bitcoin Token since it was launched.

What is the 24 hour trading volume of 1x Short Bitcoin Token?

Over the last 24 hours, the trading volume of 1x Short Bitcoin Token is $0.00.

What other assets are similar to 1x Short Bitcoin Token?

Assets that have a similar market cap to 1x Short Bitcoin Token include Thor, DeFiWall, TLabs, and many others. To see a full list, see our comparable market cap assets.

How many 1x Short Bitcoin Token are there?

The current circulating supply of 1x Short Bitcoin Token is 0.