Coinjar to reveal Bitcoin volatility salve
Australian bitcoin exchange Coinjar will unveil plans to fix the value of the highly volatile cryptocurrency for its clients and offer conversion to a range of different currencies at a financial technology conference in London on Tuesday as it moves to compete with remittance providers.
From late Tuesday, Coinjar joins a number of other bitcoin exchanges in offering “hedging accounts” that peg the value of the bitcoins purchased to the currency originally chosen when a conversion is first made.
