BTC
$106,180.34
-
1.09%
ETH
$2,658.11
+
0.87%
USDT
$0.9999
+
0.01%
XRP
$2.2771
+
0.89%
BNB
$676.74
-
1.56%
SOL
$167.34
-
2.06%
USDC
$0.9998
+
0.01%
DOGE
$0.2175
-
0.88%
ADA
$0.7303
-
1.33%
TRX
$0.2758
+
0.22%
SUI
$3.5547
-
0.34%
HYPE
$31.92
-
4.26%
LINK
$15.26
-
1.61%
AVAX
$22.73
-
1.87%
XLM
$0.2810
-
0.22%
TON
$3.3879
-
1.49%
LEO
$9.0739
-
0.02%
SHIB
$0.0₄1409
-
0.39%
BCH
$410.43
-
0.09%
HBAR
$0.1811
-
1.37%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

CoinJar Tackles Bitcoin's Volatility with New 'Hedged Accounts'

By Yessi Bello Perez
Updated Sep 14, 2021, 2:02 p.m. Published Feb 10, 2015, 11:53 a.m.

Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to shield customers from bitcoin's volatility.

Story continues
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

The new accounts, which CoinJar is calling "Hedged Accounts", will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro.

Asher Tan, CoinJar's CEO, explained that the new option would benefit those who would like to start using bitcoin for practical purposes, but do not want to "manage it actively or worry about fluctuating price".

He continued:

"While some users enjoy the speculative aspects of bitcoin, there are others who would like to hold bitcoin without worrying too much about volatility. Hedged Accounts make bitcoin a more stable currency, and more useful to people."

Today's launch follows the recent release of CoinJar's new iOS app, CoinJar Touch, and the trial of Australia's first bitcoin debit card, CoinJar Swipe, last year.

VolatilityAustraliaCoinJarstartupsNewsCompanies
Yessi Bello Perez

Yessi was a member of CoinDesk's editorial staff in 2015.

Picture of CoinDesk author Yessi Bello Perez
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

6 hours ago

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

6 hours ago

Breaking News

Breaking New test

9 hours ago

FastNews (CoinDesk)

Fast News test

9 hours ago

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
President Donald Trump (TheDigitalArtist/Pixabay)

Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders

Jan 16, 2025

SHIB-USD 1-month chart shows 24.57% gain ending at $0.00004146 on May 15

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

May 15, 2025

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Tax sign (The New York Public Library/Unsplash)

Crypto Capital Gains and Tax Rates 2022

Nov 14, 2022

Swap

Atomic Swaps: What Are They & How Do They Work?

Jan 11, 2024

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

6 hours ago

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk