The new perpetual futures contracts will be based on the implied volatility of Bitcoin and Ether options contracts. Implied volatility measures the constant, 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 will track underlying activity in Bitcoin and Ether options using the Volmex Implied Volatility indices, which tracks 30-day expected volatility. Both contracts will be available to trade with up to 20 times leverage. Volmex is a well-known developer of crypto volatility indices and products.
By measuring the market’s expectation of future price volatility, the BVIV and EVIV contracts are essentially tracking ‘fear’ in the market of expected price movements in Bitcoin and Ether when the market is fearful and, generally, the expensiveness of the relevant options contracts.
Volatility indexes tend to be negatively correlated and will generally increase when the market falls. They also tend to move dramatically when ‘black swan’ events occur.
To obtain access to BVIVF0:USTF0 and EVIVF0:USTF0 on Bitfinex Derivatives, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc from 3 April 2024
\* The 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 at all times to all of the Derivatives Terms of Service in effect on Bitfinex Derivatives (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating a Derivatives Account (as defined in the TOS) on Bitfinex Derivatives.
Important Notes
This press release is intended for journalists. It is not intended to be broadly disseminated.
This press release is not an offer to sell or the solicitation of an offer to purchase any financial products. iFinex Financial Technologies Limited will only allow access to its derivatives platform pursuant to its derivatives terms of service available (as of the date of this press release) at https://www.bitfinex.com/?refcode=0bC4Lljclegal/derivative/terms
The summary description of the perpetual contract for the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) in this press release is provided for convenience purposes only. The perpetual contracts for BVIVF0:USTF0 and EVIVF0:USTF0 are more particularly described in the updated Derivative Product Descriptions found at https://www.bitfinex.com/?refcode=0bC4Lljclegal/derivative/product. If there are any differences between the description in this press release and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform. Any summary information regarding the above-referenced perpetual contracts in this press release is provided for convenience purposes only and may not be relied upon. Please ensure you conduct your own research regarding these perpetual contracts.
About Bitfinex Derivatives
Launched in September 2019, iFinex Financial Technologies Limited offers a derivatives platform that is accessible through Bitfinex, a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Visit www.bitfinex.com to learn more.
About Volmex
Volmex Global is a wholly-owned subsidiary of Volmex Labs Corporation, the creator of the leading crypto volatility indices BVIV Index and EVIV Index. The BVIV and EVIV Indices measure the constant, forward-looking 30-day expected volatility of BTC and ETH, respectively, derived from real-time crypto call and put options. Volmex Implied Volatility Index data is available on leading platforms, including TradingView, CoinMarketCap, The Block, and Laevitas. Visit https://volmex.finance to learn more and https://charts.volmex.finance to access the Volmex Implied Volatility Indices.
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