April 3 Bitfinex Derivatives Launches First Perpetual Futures on Bitcoin and Ether Implied Volatility Index
providence, mahe island, seychelles, [April 3]2024 – Bitfinex Derivatives*, the premier derivatives platform from iFinex Financial Technologies Limited, today announced the launch of two new perpetual futures contracts that track expected price movements in Bitcoin and Ether.
The new perpetual futures contract is based on the implied volatility of Bitcoin and Ether option contracts. Implied volatility measures a given expected future volatility in the options market. The new Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) futures contracts are a combination of Bitcoin and Ether options using the Volmex Implied Volatility Index, which tracks 30-day expected volatility. Track the underlying activity. Both contracts can be traded with up to 20x leverage. Volmex is a well-known developer of cryptocurrency volatility indices and products.
By measuring the market’s expectations for future price movements, the BVIV and EVIV contracts essentially measure the market’s “fear” of expected price movements for Bitcoin and Ether when the market is feeling fearful, and generally related Tracks the cost of option contracts.
Volatility indexes tend to be negatively correlated and generally rise when markets fall. They also tend to move dramatically when a “black swan” event occurs.
To gain access to Bitfinex derivatives BVIVF0:USTF0 and EVIVF0:USTF0, customers can visit: https://www.bitfinex.com/ From 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 must comply with all of the following conditions at all times: Derivative Terms of Use Applies to Bitfinex Derivatives (“TOS”). United States Persons (as defined in the TOS) and specifically Prohibited Persons (as defined in the TOS) are strictly prohibited from maintaining, owning, or operating, directly or indirectly, a Bitfinex Derivatives Derivatives Account (as defined in the TOS). Please note that .
Important notes
This press release is intended for journalists. It is not intended for widespread dissemination.
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 its Derivatives Platform only in accordance with the Derivatives Terms and Conditions available below (as of the date of this press release). https://www.bitfinex.com/legal/derivative/terms
The summary description of the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) perpetual contracts in this press release is provided for convenience only. The BVIVF0:USTF0 and EVIVF0:USTF0 perpetual contracts are further described in the updated derivative product description at https://www.bitfinex.com/legal/derivative/product. In the event of a discrepancy between the description in this press release and the description of the Derivative Product, the description of the Derivative Product shall control. Please read carefully to understand the products available on the derivatives platform. The summary information regarding the above perpetual agreements contained in this press release is provided for convenience only and should not be relied upon. Be sure to do your own research on these perpetual contracts.
About Bitfinex Derivatives
Founded 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.visit www.bitfinex.com You can learn more.
About Volmex
Volmex Global is a wholly owned subsidiary of Volmex Labs Corporation, creator of the leading cryptocurrency volatility indexes, the BVIV Index and the EVIV Index. The BVIV Index and EVIV Index measure the expected 30-day volatility of a certain future outlook for BTC and ETH, respectively, and are 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.visit https://volmex.finance Learn morehttps://charts.volmex.finance Access the Volmex Implied Volatility Index.
