[ad_1]
Bitfinex, a Seychelles-based cryptocurrency alternate has expanded its product choices to incorporate volatility futures for Bitcoin (BTC) and Ethereum (ETH), giving customers the chance to guess on anticipated value efficiency of the 2 main digital property.
In an official announcement on April 3, 2024, the corporate stated the newly launched perpetual contracts can be found to customers on the corporate’s derivatives platform known as Bitfinex Derivatives. The derivatives-focused platform was made accessible by Ifinex Monetary, the guardian firm of each Bitfinex and Tether Holdings.
Bitfinex Customers Can Now Wager on BTC and ETH Futures Contracts
The brand new merchandise, Bitcoin Implied Volatility Index (BVIV) and Ethereum Implied Volatility Index (EVIV), are based mostly on the Volmex Implied Volatility indexes. These indexes are derived from real-time choices for BTC and ETH, indicating the anticipated value turbulence over a 30-day interval.
Moreover, the corporate stated the perpetual contracts function a counterpart to Wall Road’s VIX index, which gauges concern out there based mostly on choices tied to the S&P 500 index.
Jag Kooner, the pinnacle of derivatives on the firm, instructed Cointelegraph that the brand new merchandise provide clients a “easy format” to commerce perpetual contracts.
The Bitfinex government additionally said that perpetual futures are the most well-liked format within the crypto area, as they get rid of the necessity for a set expiration date:
“Monitoring the 30-day implied volatility in Bitcoin and Ether choices contracts with out the necessity to roll – i.e., dated futures – opens up the product to each retail and institutional buyers alike.”
Obtainable for Buying and selling Beginning on April 3
Kooner additional disclosed that the brand new contracts are a part of Bitfinex’s providing of over 60 perpetual futures contracts, which embody cryptocurrencies, commodities comparable to treasured metals and oil, FX, and equities. He additionally stated that the brand new contracts will enable the alternate so as to add implied volatility as one other asset class on the platform.
Bitfinex stated the 2 merchandise can be out there for buying and selling beginning at this time, April 3, 2024. The futures contracts, denominated, margined, and settled in Tether’s stablecoin USDT might be traded beneath the ticker symbols BVIVF0:USTFO for BTC and EVIVFO:USDTFO for Ether.
In the meantime, Bitfinex’s launch of BTC and Ether volatility futures follows Deribit’s introduction of ordinary futures contracts linked to its bitcoin volatility index, DVOL, 12 months in the past.
[ad_2]
Source link
