Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

Users can now place bets on the degree of price turbulence in the top two cryptocurrencies.The new futures are based on the decentralized derivatives platform Volmex’s bitcoin implied volatility index and ether implied volatility index .

Starting April 3, Bitfinex users can trade bitcoin and ether volatility futures under the ticker symbols BVIVF0:USTFO and EVIVFO:USDTFO, according to the press release shared with CoinDesk. These contracts are denominated, margined, and settled in tether , the world’s largest dollar-pegged stablecoin.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Users Beware: Reported Flaw Exposes Mac Users Crypto Private KeysCrypto Blog
Read more »

Here’s the Local Price Bottom of Bitcoin’s Current Trading Range, According to BitfinexCrypto Blog
Read more »

Altcoins Remain Resilient Amid Bitcoin’s Correction: BitfinexCrypto Blog
Read more »

Bitfinex launches volatility futures on Bitcoin and EtherBitfinex’s derivatives platform launched trading of two new perpetual futures contracts tracking Volmex’s Bitcoin Implied Volatility Index and Ethereum Implied Volatility Index.
Read more »

Bitfinex resolves platform outage after briefly halting tradingLate last night, the crypto exchange Bitfinex resolved a platform outage that temporarily halted trading.
Read more »

Altcoin Season Continues Momentum With Focus on Meme Coins as BTC Hits New ATH: BitfinexCrypto Blog
Read more »