Bitfinex Launches Bitcoin and Ether Volatility Futures

Bitfinex has announced the launch of perpetual futures connected to the volatility indices of Bitcoin and Ether. These futures allow traders to speculate on potential price fluctuations in the top cryptocurrencies.

The newly released futures are based on Volmex’s decentralized derivatives platform, using the Bitcoin implied volatility index (BVIV) and the ether implied volatility index (EVIV).

These indices are calculated from real-time call and put options for Bitcoin and Ether, providing an indication of expected price volatility over a period of 30 days.

They can be compared to Wall Street’s “fear gauge” VIX index, which is based on the S&P 500 options market.

Starting on April 3, Bitfinex users will be able to trade these volatility futures under the symbols BVIVF0:USTFO and EVIVFO:USDTFO.