Bitfinex Derivatives Launches First Perpetual Futures for Bitcoin and Ethereum Implied Volatility Indices
April 3 Bitfinex Derivatives Launches First Perpetual Futures for Bitcoin and Ethereum Implied Volatility Indices
PROVIDENCE, Mahe, Seychelles, (April 3)2024 – Bitfinex Derivatives*, a leading derivatives platform powered by iFinex Financial Technologies Limited, today announced the launch of two new perpetual futures contracts that track the expected price movements of Bitcoin and Ethereum.
The new perpetual futures contract is based on the implied volatility of Bitcoin and Ethereum options contracts. Implied volatility measures the ongoing, forward-looking expected volatility in the options market. The new Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) futures contracts provide a snapshot of Bitcoin and Ethereum options using the Volmex Implied Volatility Index, which tracks 30-day expected volatility. Track basic activities. Both contracts can be traded with up to 20x leverage. Volmex is a renowned developer of cryptocurrency volatility indices and products.
By measuring the market’s expectations of future price volatility, the BVIV and EVIV contracts essentially measure the market’s ‘fear’ of the expected price movements of Bitcoin and Ethereum when markets are volatile, and the prices of the associated options contracts in general. Track.
Volatility indices tend to be negatively correlated and generally increase when markets are falling. They also tend to move dramatically when ‘black swan’ events occur.
To access BVIVF0:USTF0 and EVIVF0:USTF0 on Bitfinex Derivatives, please visit https://www.bitfinex.com/ starting April 3, 2024.
* Derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this press release are references to iFinex Financial Technologies Limited. All deposits, activities and users are subject to all Derivatives Terms of Service applicable to Bitfinex Derivatives (“TOS”) at all times. Among other prohibited persons (as defined in the TOS), U.S. persons (as defined in the TOS) are strictly prohibited from holding, owning, or operating, directly or indirectly, a Derivatives Account (as defined in the TOS) with Bitfinex Derivatives. .
Important note
This press release is intended for journalists. It is not intended to be widely disseminated.
This press release is not an offer to sell or a solicitation of an offer to buy any financial product. iFinex Financial Technologies Limited grants access to the Derivatives Platform only in accordance with its Derivatives Services Terms (as of the date of this press release) available at https://www.bitfinex.com/legal/derivative/terms.
The summary description of perpetual contracts for the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0) included in this press release is provided for convenience purposes only. The perpetual contracts for BVIVF0:USTF0 and EVIVF0:USTF0 are more specifically described in the updated Derivatives Description available at https://www.bitfinex.com/legal/derivative/product. If there are any differences between the description in this press release and the Derivative Product description, the Derivative Product description will control. Please read it carefully to ensure you understand the products offered on the Derivatives Platform. The summary information regarding the Perpetual Agreement referred to above in this press release is provided for convenience purposes only and should not be relied upon. We encourage you to do your own research regarding these perpetual contracts.
Introduction to Bitfinex Derivatives
Launched in September 2019, iFinex Financial Technologies Limited provides a derivatives platform accessible through Bitfinex, a digital token trading platform that provides cutting-edge services to digital currency traders and global liquidity providers. For more information, please visit www.bitfinex.com.
Introduction to Ballmax
Volmex Global is a wholly-owned subsidiary of Volmex Labs Corporation, creator of the leading cryptocurrency volatility indices BVIV Index and EVIV Index. The BVIV and EVIV indices measure the ongoing and forward-looking 30-day expected volatility of BTC and ETH, respectively, derived from real-time cryptocurrency call and put options. Volmex Implied Volatility Index data is available on major platforms including TradingView, CoinMarketCap, The Block, and Laevitas. For more information, visit https://volmex.finance, and to access the Volmex Implied Volatility Index, visit https://charts.volmex.finance.