Frequently Asked Questions
Everything you need to know about Luxor's Derivatives platform
Luxor derivatives
Trade Hashrate Forward Contracts with Luxor
Get Started
What type of Forwards do we offer
Non-Deliverable Forward (NDF)
In a non-deliverable, cash-settled forward contract, the difference between the fixed price in the contract and the settlement value of the underlying commodity is paid in cash from one party to the other.
This is a good instrument for miners looking to hedge, traders looking for exposure to hashrate and more.
Deliverable Forward (DF)
In a physically deliverable contract, one party agrees to buy a commodity on a future date, at a fixed price. The other party agrees to deliver that commodity or asset at the fixed price and date.
This is a good instrument for miners looking to hedge and finance, traders looking for exposure to hashrate and get a return on proving capital upfront.
New Ways to Buy Hashrate
- Luxor PoolYou want Hashrate delivered to your Luxor Mining Pool Account
- Return on BitcoinYou want to earn return on your Bitcoin
- Long ExposureYou want exposure to Bitcoin price, transaction fees, and difficulty
New Ways to Sell Hashrate
- Upfront CapitalYou are looking to sell your hashrate for upfront capital
- Locked-in RevenueYour are looking to lock in revenue for your future hashrate
- Short ExposureYou want exposure to Bitcoin price, transaction fees, and difficulty
onboarding
How to start using Luxor Derivatives
Step 1
Sign Luxor's ISDA Agreements
There are two ways to proceed with signing Luxor’s ISDA Agreements. This step can be skipped if you do not plan to trade Luxor’s Cash-Settled Forwards.
- Reach out to a member of the Luxor Derivatives team and provide the information below. We will then pre-fill the forms and send them to you for execution via Docusign:
- Signee name
- Title of Signee
- Legal Entity Name
- Address
- Telephone
- Tax Representation (Example: It is a <Country> <entity type> duly organized and incorporated under the laws of <State/Province/Country>
- Reach out to a member of the Luxor Derivatives team and request Word copies of the ISDA Agreements for review, comment, and execution.
Step 2
Create a Luxor Derivatives Account
To onboard onto the Luxor Derivatives account, please follow instructions on the registration page. Registration Page
Step 3
Create a Legal Entity Identifier (LEI)
Once we have received signed versions of the documents above, we will require a Legal Entity Identifier (LEI), and then you can start placing trades with Luxor.
If you do not have an LEI you can easily acquire one here.
If you already have an LEI , simply enter the number in the Settings section of your account.
Contact our Derivatives Team
Ready to onboard on Luxor Derivatives, fill out this form
General
Disclosures
Explore our disclosure page for detailed information
Access Forwards Disclosures