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Wild Crypto Leverage Is On Offer for Pros in 20-Times Bitcoin Bet

  • Like driving ‘at 100 mph on the Interstate blindfolded’: Raab
  • Certificate created to meet investment-firm hedging demands
Cryptocurrency Kiosks Amid Bitcoin, Ether Record Rally
Photographer: Moe Zoyari/Bloomberg

Institutional pros have a fresh way to navigate the crypto boom and bust via a new hedging tool offering 20-times the daily performance of Bitcoin -- landing in the midst of the global meltdown in digital money.

FTX Trading Ltd. listed the certificates in Vienna earlier this month, with the intended users being investment firms that are balancing ballooning exposures to the world’s largest token thanks to client demand for their crypto products.