Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan

Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan

Crypto miners have been selling bitcoin as their revenues have slumped along with the bear market. The firm said that it has been using derivatives to limit downside risk since fourth-quarter 2021, and hired a full-time trader to improve its “capabilities within risk and treasury management.”

Originally Posted on: https://www.coindesk.com/business/2022/07/07/argo-blockchain-hires-derivatives-trader-to-navigate-market-rout-sells-btc-to-reduce-loan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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