Bitfinex Exchange announced yesterday (3rd) the launch of perpetual futures contracts linked to Bitcoin and Ethereum volatility indices, allowing traders to bet on the price fluctuations of BTC and ETH to cope with the intensified volatility in the cryptocurrency market.
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Veteran cryptocurrency exchange Bitfinex announced on Wednesday that its cryptocurrency derivatives platform, Bitfinex Derivatives, has launched perpetual futures contracts linked to Bitcoin and Ethereum volatility indices, allowing traders to speculate on the price fluctuations of BTC and ETH.
Bitfinex: Addressing the intense volatility in the cryptocurrency market
Bitfinex stated that the newly launched Bitcoin and Ethereum volatility futures are based on the decentralized derivative platform Volmex’s Bitcoin Implied Volatility Index (BVIV) and Ethereum Implied Volatility Index (EVIV). Starting from April 3rd, users can trade with the codes BVIVF0:USTFO and EVIVFO:USDTFO.
Regarding this, Jag Kooner, the head of Bitfinex Derivatives, stated:
Bitcoin volatility index reaches 73.24
According to Binance data, calculated in U terms, the Bitcoin volatility index was 73.24 at the time of writing, a decrease of 4.38% in the past 24 hours.
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